Ramaphosa downplays talk of change to Reserve Bank mandate | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 37 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 80%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

President Cyril Ramaphosa played down suggestions that an amendment to the central bank’s mandate is imminent, while confirming that a possible change remains under discussion. | News24_Business

South Africa’s economy is being held back by regular power cuts and the nation has one of the world’s highest unemployment rates. The Reserve Bank has repeatedly said bolstering economic growth and job creation fall outside the scope of monetary policy.

Mantashe said the mandate needed to be expanded to “meet the needs of the economy,” while Mmamoloko Kubayi, the head of the ANC’s economic transformation committee, said various options needed to be explored to ensure the bank does more to encourage job creation. One of those was a constitutional amendment, she said, while stressing that the party is committed to protecting the bank’s independence.

He also indicated a resolution the ANC adopted in 2017 for the government take ownership of the Reserve Bank, one of the few privately owned central banks in the world, is unlikely to be implemented because the government can’t afford it, and in any event that money would be better spent on economic development.

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:

 /  🏆 4. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

_Business He will implement zilch of their resolutions 🤣🤣🤣👌

_Business Use the amount you can afford join now and get profit from Bitcoin investment through Brandonkaren11 Bitcoin mining investment platform , i love you for helping me

_Business We have a stable currency, what more do people want? The Turkisk Lira collapsed 70% on monetary experiments! Our interest rates won't end up being far lower if we change the reserve bank mandate!

_Business Hands-off vultures!

_Business I feel sorry for Ramaphosa, Lord God Almighty have mercy on his soul.

France Dernières Nouvelles, France 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.

Ramaphosa: De Ruyter quit because it's a 'tough job' | BusinessThe chief executive officer of Eskom, Andre de Ruyter, resigned because 'it's a tough job,' President Cyril Ramaphosa has said, stressing that the government has a 'cohesive' plan to resolve the national power shortage. | News24_Business _Business The government has no plan _Business Not because besenza 'ik*k*'? like Enoch Godongwana said? _Business There are some people who will believe him
La source: News24 - 🏆 4. / 80 Lire la suite »