It must be intensely frustrating to be the governor of the SA Reserve Bank. It remains the one steadfast pillar of institutional quality among the ruins of state capture, and yet there is a faction in the ANC that wants to pull it down.

Aside from politically motivated ANC hacks, who seek to use monetary policy as a trap in which to ensnare President Cyril Ramaphosa, there are many ordinary South Africans who just don’t understand how the Bank works...

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