The South African Reserve Bank’s composite leading business cycle indicator fell by 0.4% month-on-month in June.
SARB Governor, Lesetja Kganyago, came out strongly against the notion of private ownership which has led to the calls to nationalise the Reserve Bank.
Reserve Bank Governor, Lesetja Kganyago says the economy will continue to take a beating if debate around the bank’s shareholding continues.
The Constitutional Court will on Monday rule in the matter between Public Protector Busisiwe Mkhwebane and the South African Reserve Bank (SARB).
The recent squabble over the mandate of the South African Reserve Bank has very little to do with real economic policies. It is rather emblematic of the intensely polarised levels of political distrust that currently exists within the African National Congress (ANC), the governing party.