ANC NEC says the Reserve Bank mandate must be ‘expanded’
The NEC now wants the Bank to undertake measures that will ‘deal decisively’ with ‘unemployment, poverty and inequality’
The ANC has waded into the debate around the SA Reserve Bank again, with its national executive committee’s (NEC’s) lekgotla agreeing that the Bank’s mandate must be expanded beyond price stability and must include growth and employment.
In term of its mandate the Bank is required to achieve and maintain price stability in the interest of balanced and sustainable economic growth in SA. ..