Things are about to get very rocky in SA. The economy is reopening just as the pandemic is entering a more destructive phase. If the health system begins to buckle under the mounting death toll, the national mood is bound to darken and the search for scapegoats could become uglier.
In addition to the obvious array of inept politicians, one of the institutions plumb in the firing line is the SA Reserve Bank. Calls to nationalise the Bank, an existing ANC policy conference resolution, and to tamper with its mandate are already beginning to resurface.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.
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CLAIRE BISSEKER: Reserve Bank in the sights of scapegoat huntersFortunately, its battle-hardened governor Lesetja Kganyago is no pushover, writes Claire Bisseker Very interesting that ClaireBisseker doesn’t tell us why QE or any other “unconventional” monetary policy isn’t good for SA and why she believes public ownership of the SARB is a bad thing. I wonder if there is some evidence for her views or it’s just dinner banter
Source: BDliveSA - 🏆 12. / 63 Read more »
CLAIRE BISSEKER: Reserve Bank in the sights of scapegoat huntersFortunately, its battle-hardened governor Lesetja Kganyago is no pushover, writes Claire Bisseker Very interesting that ClaireBisseker doesn’t tell us why QE or any other “unconventional” monetary policy isn’t good for SA and why she believes public ownership of the SARB is a bad thing. I wonder if there is some evidence for her views or it’s just dinner banter
Source: BDliveSA - 🏆 12. / 63 Read more »
Reserve Bank’s Loewald says money printing is not the answer to Covid-19 induced slumpQuantitative easing would mean jettisoning the same policies that have given SA the space to respond to the crisis, says Bank economic research department chief Let Us Give Your Business That Professional Look You've Always Wanted 🔥💯🤷♂️ ❗❗Shlabane Graphics Special❗❗ Business Logo: R400 Business Letterhead: R200 Business Card:R130 Whatsapp: 0670551759 Email:Toptalent951gmail.com What if the ANC paid back the trillions that they allowed to be stolen and squandered on their watch, would my dear fellow citizens even need to be begging for government food parcels? ANCisalegacyofapartheid lockdownSA No shit
Source: BDliveSA - 🏆 12. / 63 Read more »
Reserve Bank’s Loewald says money printing is not the answer to Covid-19 induced slumpQuantitative easing would mean jettisoning the same policies that have given SA the space to respond to the crisis, says Bank economic research department chief That's what the tripatite want in situations like these.
Source: BDliveSA - 🏆 12. / 63 Read more »
CARTOON: Reserve Bank’s jump startToday's Cartoon: Reserve Bank’s jump start
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: TheCitizen_News - 🏆 6. / 75 Read more »