Mboweni and Kganyago reaffirm commitment to central bank's independence - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

Mboweni and Kganyago say emphasised that the effective coordination of fiscal and monetary policy was a central pillar of good macroeconomic management and policy certainty governor Lesetja Kganyago have reaffirmed their commitment to the independence of the central bank.

In a joint statement following a meeting in Pretoria on Thursday, they emphasised that the effective coordination of fiscal and monetary policy was a central pillar of good macroeconomic management and policy certainty. They say this coordination reduces any potential or unnecessary uncertainty around the formulation and implementation of the macro-economic framework.Secretary-general Ace Magashule about the ruling party’s resolutions to expand the central bank’s mandate beyond price stability to include growth and employment caused a public spat within the party with both Mboweni and the ANC’s head of economic transformation Enoch Godongwana denying that such a decision was taken.

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