The South African Reserve Bank building in Pretoria.
Delegates at the African National Congress’s National Policy Conference at Nasrec, south of Johannesburg, have proposed that the Reserve Bank’s mandate be moved beyond inflation targeting to include tackling unemployment. Chairperson of the Economic Transformation Committee Mmamoloko Kubayi says the matter will be researched further.“Around are there mechanisms that we can look at the mandate , it not necessarily to tamper with the mandate in the constitutional amendment asking us to go and do a proper research, if we can be able to ask the Reserve Bank to intervene for example in sector that can support us in employment and contributing to job growth, over and above the issue of inflation targeting.
“The banks is much less about them than about ourselves and we have called for the establishment of a public banking system. You can have Gauteng for instance having its own national bank. Municipalities and metros having their own bank. Because in the context of a country focusing on feared money, in other words paper money, money that is not paired to any critical minerals, the gold or platinum that we have. The banking system is organised capital looting world- wide.
Godongwana will not allow it, he's opposed to this idea. It will remain a pipe dream until these agents of foreign bankers are removed from power.
I’m gradually making more earnings now in my trades but with the aid of a trader that was recommended and now I'm recommending her to y'all EliDonovan01
It's a useless thing that shows that ANC has no plan for job creation that all.
What does CFO & OomJohan have to say? 💥
.