Mboweni said in a statement late on Tuesday that government determines the mandate of the Reserve Bank, implying that the political party's NEC has little say in that regard.
Finance Minister, Tito Mboweni, has denied any concrete plans to expand the Reserve Bank’s mandate, despite media being told that that was the case during a briefing of the party’s National Executive Committee African National Congress Secretary-General Ace Magashule on Tuesday said the governing party’s NEC resolved at its latest Lekgotla that the Reserve Bank’s mandate should be expanded.
However, Mboweni said in a statement late on Tuesday that government determines the mandate of the Reserve Bank, implying that the political party’s NEC has little say in that regard.Stats SA on Tuesday revealed that GDP contracted by 3.2% causing the rand to weaken by around 1% against a basket of major currencies.
The ANC’s Pule Mabe says, “Those are discussions that are ongoing in the organisation as part of exploring the different options. It is in our interest that the central bank is stable, it continues to discharge its own mandate and makes a positive contribution on the kind of growth that we want to see in the country. At the right time when we have clearly formulated a view on how all of these things are going to be approached, we’ll be able to communicate and convey our message.
It seems that some members of the ANC have lost their way SabcNews and moral compass and want 2 wreck the economy Mr Minster
“Concrete” - if I was an investor I’d go somewhere else until there is certainty - concrete certainty😜. The ANC can’t manage anything and the wheels are coming off fast now
Tito and Godongwane are working for someone else and not the people of SA
When they contradict you like this ... you may as well kiss your job good by
Magashule is implementing Zuma strategies and plans
I think it will be a call from us as branches MYANC to make sure tito_mboweni PravinGordhan are being removed from thier deployment we can't have individuals who are objecting or acting out of Mandate Nasrec. Its clear they are not serving our people. We need RET, ANCYLhq
So which is it It looks like there's a misalignment between the minister and the NEC.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Hawks raid Limpopo Premier's office - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Five premises, including offices of Limpopo Premier Stan Mathabatha in Polokwane, have been raided as part of the Hawks' investigations into alleged corruption related to international trips by officials. 👀👀👀👀
La source: SABC News Online - 🏆 32. / 51 Lire la suite »
Semenya ruling suspended - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.%A Swiss court has ruled that the IAAF ruling regarding testosterone levels in female athletes with sexual differences is suspended ahead of Olympic runner, Caster Semenya's appeal on the matter.% Awesome 💃
La source: SABC News Online - 🏆 32. / 51 Lire la suite »
Mkhwebane serves Gordhan with notice - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Public Protector Busisiwe Mkhwebane has served Public Enterprises Minister Pravin Gordhan with a Section 7(9) notice inviting the Minister to respond to potentially detrimental implications against him. this is a drama queen Advocate for RET forces is not giving up neh .She is a loose canon that needs to be reigned in finish Pressure him my protector do yr job nothing can stop u,I am happy for Mr moyane,he is so quite but we are fighting for him
La source: SABC News Online - 🏆 32. / 51 Lire la suite »
Sudan military crackdown strongly condemned - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Sudan military crackdown strongly condemned The UN Secretary-General and the High Commissioner for Human Rights have strongly condemned the military’s crackdown in Sudan.
La source: SABC News Online - 🏆 32. / 51 Lire la suite »
Mkhwebane denies harassing Gordhan - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.Mkhwebane denies harassing Gordhan Public Protector has denied allegations from the public that she’s harassing Public Enterprises Minister, Pravin Gordhan – saying she only probes individuals once she receives complaints about them. She is not harassing anyone how Kanti media le jwang? When is Gigaba, Ace, Manamela, its not Harassment, but when its Pravin its called harassment. South Africa for u Advocate you performed poorly on Estina Dairy Farm enquiry. Trying to erase embarrassment?
La source: SABC News Online - 🏆 32. / 51 Lire la suite »
Gordhan’s lawyer questions Mkhwebane's conduct - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.The lawyer representing Public Enterprises Minister, Pravin Gordhan, has raised concerns over the manner in which his client received Public Protector, Busisiwe Mkhwebane's notice - inviting him to respond to allegations against him. its not his job, he must represent his client, qha. So basically the want to tell her how she should do her job ? Hi I have been getting numerous msgz from sabc tv license stipulating that I owe tv license. Where can I clear this without calling? Is there an email address I can write to? Plz help.
La source: SABC News Online - 🏆 32. / 51 Lire la suite »
ANC to lock horns with Reserve Bank over job-creation mandate | IOL Business ReportParty secretary-general Ace Magashule said the lekgotla tasked is deployees to implement the resolutions of its 2017 national conference in full. Professor Parsons et al are confused and displaying lack of knowledge of macroeconomics. There’s nothing wrong with the SARB’s mandate being extended to include employment and growth. Other central banks have similar dual mandates
La source: IOL - 🏆 46. / 51 Lire la suite »