Outspoken finance minister Tito Mboweni was reprimanded by President Cyril Ramaphosa on Monday after he waded into the sudden firing of the central bank governor in Zambia, a move that led to a sharp sell-off in that country’s assets on Monday. The rand was left unscathed.

Mboweni, who headed the Reserve Bank for a decade as its first black governor after the end of apartheid, is a fierce proponent of central bank independence. He took to Twitter to criticise president Edgar Lungu for firing Zambian governor Denny Kalyalya over the weekend...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now