This after Presidentreleased a statement saying that while the ANC recognises views that the Reserve Bank should be publicly owned, it will come at a cost that’s not currently practical.
It follows a week of public spats among ANC members after Secretary-General, Ace Magashule, said the ruling party wants the mandate of the bank to be expanded to focus on development and job creation. Magashule’s comments were subsequently contradicted by NEC members, Enoch Godongwana, and Finance Minister, Tito Mboweni.“The responsibility of any leadership is to implement a resolution of the conference, but you must be responsible in the implementation of those resolutions. It doesn’t mean because the economy has adopted the resolutions, you must implement it.
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