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‘Exasperated’ Mboweni says stop ‘obsessing’ about Reserve Bank and ‘shouting’ at business

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The finance minister has issued a rebuke that could be interpreted as aimed at the faction in the ANC led by secretary-general Ace Magashule.

In an open letter on Tuesday, published to his Facebook account, Finance Minister Tito Mboweni says he is getting “exasperated” with the continued attacks on and obsession with the SA Reserve Bank.

Mboweni added that the focus needed to be on growing the economy through “micro-economic restructuring”. He added that all farmers, including white ones, were important to grow the agricultural sector and create jobs, and farmers needed to be embraced.WHAT IS THIS OBSESSION WITH THE SOUTH AFRICAN RESERVE BANK?

3.2) Then there is this: the South African Reserve Bank operates independently without fear, favour or prejudice, provided that there is regular consultation with the Minister of Finance. Done.

 

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