LUKANYO MNYANDA: Reserve Bank needs settled leadership
Policy changes proposed by ANC branches may not form part of the new administration’s main priorities in its first 100 days
For something that is often cited as one of the country’s key strengths, the Reserve Bank doesn’t feature that prominently in last week’s report by Moody’s Investors Service. There is the usual comment about how the central bank’s “adherence to its inflation and financial stability mandate supports effective macroeconomic policy”, but little else that is specific. Which is a bit of a surprise, considering that the Bank could potentially be on the cusp of some major changes. PODCAST | Business Day Spotlight - Unpacking South Africa's decline Subscribe: iono.fm | Spotify | Apple Podcasts | Pocket Casts | Player.fm With everything else that President Cyril Ramaphosa has had to worry about, it seems the Bank has similarly fallen under the radar as far as his priorities go. Earlier in 2019, we were led to believe that a replacement for Francois Groepe, who announced his resignation as a deputy governor at the end of 2018, would be in place by the March meeting of the monetary policy c...