There have been mixed reactions to the ANC’s announcement that it aims to expand the mandate of the Reserve Bank and explore the use of quantitative easing to deal with government debt.

The Bank has become the subject of a proxy war between the ANC’s Ramaphosa camp and the Zuma fightback faction. Some on the president’s side want the status quo to be maintained, while the fightback faction wants the mandate of the central bank to be tinkered with to include employment and growth...

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