JOHANNESBURG – The SA Reserve Bank Governor Lesetja Kganyago on Wednesday defended the central bank from those who were calling for its mandate to be expanded by throwing the Constitution into the fold.
Speaking at the launch of the SA25 commemorative circulation and collectable coins in Johannesburg, Kganyakgo said that the Constitution had an important place in the work of the Reserve Bank, with one of the principles being the independence and impartiality of the Reserve Bank in the interests of the maintenance of effective public finance and administration.
“The enhancement in basic human rights – the right to housing, health care, basic services such as water and electricity, the rights of workers, the rights of civil organisations, the accountability of the executive to Parliament, the transformation of public finance management, the independence and competence of the judiciary, the independence and mandate of the SARB – all come from the Constitution.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
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
Source: IOL - 🏆 46. / 51 Read more »
Rand plunges nearly 2% as GDP contracts | IOL Business ReportBanking stocks also tumbled, wiping billions of rand in value as StatsSA said its data showed that the economy shrank 3.2% quarter on quarter. Not sure if that’s a “plunge”
Source: IOL - 🏆 46. / 51 Read more »
Technical recession unlikely after first quarter GDP contraction - experts | IOL Business ReportIt was unlikely that SA would plunge into a technical recession in the second quarter of 2019 according to Dawie Roodt. Brexit unlikely! Trump presidency unlikely. After 3,2% growth drop, loadshedding, retrenchment a bloodbath, zero confidence, trade war, ANC implosion... a recession unlikely... yes sure ja
Source: IOL - 🏆 46. / 51 Read more »
WhatsApp is working on features for iOS | IOL Business ReportWhatsApp has updated the beta version of its iOS messaging app, adding a number of improvements focused around media sharing ...
Source: IOL - 🏆 46. / 51 Read more »
WATCH: New Sars boss kicks off #TaxSeason2019 | IOL Business ReportThe new Sars Commissioner Edward Kieswetter briefed the media on Tuesday morning on various issues facing the tax collector.
Source: IOL - 🏆 46. / 51 Read more »
Sars increases tax return threshold to R500K to ease burden on taxpayers | IOL Business ReportSars on Tuesday announced that all taxpayers whose total employment income is not more than R500,000 will not pay income tax this year. You guys are aware that there is a difference between paying tax and having to file a tax return? Telling people whose income is less than R 500 000 that they wont be taxed this year is the reason why people have lost faith in you. Seriously this is very poor reporting! Taxpayers will still pay tax in terms of the Income Tax Act & its provisions. You don’t have to submit a tax return big difference. Please don’t mislead the masses.
Source: IOL - 🏆 46. / 51 Read more »
SA economy declines by 3.2% in first quarter of 2019 - Stats SA | IOL Business ReportSouth Africa's economy contracted by 3.2 percent in the first three months of 2019.
Source: IOL - 🏆 46. / 51 Read more »