No need to change the Reserve Bank’s mandate: finance minister

The head of the governing African National Congress’s economic transformation committee last week raised the prospect of widening the South African Reserve Bank’s mandate to help create more jobs and support transformation in the nation’s financial industry.

Godongwana’s comments are further evidence that President Cyril Ramaphosa, who is expected to stand for a second term as leader of the ANC at an elective conference in December, has managed to keep his economic policy intact despite opposition from within the party. South Africa has a 34.5% unemployment rate — the highest on a global list of 82 nations monitored by Bloomberg. The Thomas Piketty-backed World Inequality Lab ranks South Africa as the world’s most unequal nation for which wealth data is available.

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Delegates at ANC Policy Conference propose that Reserve Bank's mandate moves beyond inflation targeting - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Delegates at the African National Congress's (ANC) National Policy Conference at Nasrec, south of Johannesburg, have proposed that the Reserve Bank's mandate be moved beyond inflation targeting to include tackling unemployment. . What does CFO & OomJohan have to say? 💥 It's a useless thing that shows that ANC has no plan for job creation that all.
La source: SABCNews - 🏆 37. / 51 Lire la suite »

WATCH | Eskom debt is unsustainable and we've got to step in, says finance minister GodongwanaFinance minister Enoch Godongwana says Eskom's debt is unsustainable and the National Treasury needs to step in. No! Eskom better learn better debt collection. Treasury is our tax money let’s not use it just because Eskom is failing to collect the money. That shortcut you’re proposing is unsustainable and stupid political thinking….
La source: TimesLIVE - 🏆 28. / 59 Lire la suite »

WATCH | Eskom debt is unsustainable and we've got to step in, says finance minister GodongwanaFinance minister Enoch Godongwana says Eskom's debt is unsustainable and the National Treasury needs to step in.
La source: TimesLIVE - 🏆 28. / 59 Lire la suite »