Lesetja Kganyago has had his detractors during his first term as Reserve Bank governor No. 10, as finance minister Tito Mboweni likes to refer to him.

Most of the criticism, of course, has been around monetary policy and the idea that he has been overly dogmatic in his approach to pursuing the 3% to 6% inflation target, without the necessary regard for supporting an economy strangled by a lack of growth and a socially unsustainable unemployment rate close to 40%...

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