Read the ANC’s two statements on the Reserve Bank and make up your own mind
Party statement calling on Reserve Bank to ‘prioritise the plight of the poor’ contradicted and withdrawn by senior leader
What was that all about? On Thursday, ahead of the Reserve Bank’s announcement on interest rates, Phelisa Nkomo, describing herself as a member of the “ANC communications team”, issued this statement: 20 September 2018 ANC STATEMENT ON THE NEED FOR THE MONETARY POLICY COMMITTEE TO PRIORITISE THE POOR The African National Congress has today noted that this is the final day of Monetary Policy Committee meeting held over the last three days. The African National Congress implores the committee members to prioritise the plight of poor South Africans whose cost of living is skyrocketing due to increased cost of food, fuel and electricity, healthcare as well as education. The South African economy recently moved back into a decline in Industrial output with a negative growth rate of (-0.7%) during the second quarter of 2018. The sluggish growth occurred as a result of a prolonged trend of slowdown in economic growth that has been below 2% following the 2008 global financial crisis. The ...
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