SA Reserve Bank governor Lesetja Kganyago has warned against locking in large spending commitments off the back of a commodities boom that has boosted the government’s financial position and aided the economic recovery, but that is by no means a lasting certainty. 

Speaking at the release of the Bank’s latest monetary policy review on Tuesday, Kganyago said SA should “guard against complacency” that could see it committing to “expenditure outlays that we might not afford outside the rising commodity prices”. ..

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