It’s hard to believe that in just a few weeks it will be two years since Ace Magashule issued that NEC statement, extraordinary at the time, that called for the Reserve Bank to pursue a policy of “quantity easing”.

I didn’t imagine, after that, which left the finance minister, Tito Mboweni, and the Bank governor, Lesetja Kganyago, scrambling to affirm the central bank’s independence, that the ANC secretary-general would outdo himself. And last week he certainly did...

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