If there were any doubts that the SA Reserve Bank’s monetary policy committee must fall, last week’s feeble response to the country’s worst economic depression in more than a century has provided proof that it is not fit for purpose.

According to Business for SA’s Martin Kingston, the economy could contract by up to 15% in 2020 after taking into account the effect of the government’s R500bn stimulus package. By definition, this means the package is not adequate...

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