LETTER: Odious allegiance by Reserve Bank enables ‘odious debt’ to rage on
Years ago, the Bank vowed at the TRC to mend its ways, but instead just swapped its allegiance from the Nats to the ANC
16 March 2021 - 14:11
Just who is SA Reserve Bank governor Lesetja Kganyago kidding when he claims SA is “no way near debt distress” because 90% of SA debt is rand denominated? SA has already been downgraded to junk status, and our economic prospects are dismal until the serious matter of “grand corruption” is addressed and remedied.
Kganyago is also contradicting himself. He acknowledged less than a year ago that SA’s “ideological conflicts and unstable macroeconomic policies have produced steady economic decline” (“SA running out of time to avoid Argentina’s fate, Lesetja Kganyago says,” June 18 2020)...
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