GENEVIEVE QUINTAL: Ramaphosa steps in, but it is too late for chaotic markets
The president will have to ensure that his policies are not undermined by disruptive forces in the ANC
Where has Cyril Ramaphosa been? The confusion over whether the ANC did or did not take a decision this past weekend on the mandate of the SA Reserve Bank and quantitative easing needs real leadership.
Late on Thursday, after meeting with the ANC officials concerned, Ramaphosa issued a statement saying the party agreed that public spats about the mandate of the Bank have “not been helpful” and have undermined the confidence of citizens and investors. He also spoke about the ANC’s desire to nationalise the Bank but said the move would not be prudent at this time. ..