"We have a situation where we have external shareholders. Changing ownership has been done by a number of countries around the world. There are some six countries in the world that have external shareholders in the bank, and we are one of them," "What doing away with private shareholders will do is give us sovereignty. A central bank is one of the most important institutions in the life of any country. That decision [to change ownership] is there and it has to be implemented.
Lesetja Kganyago on the ANC elections manifesto which called for policy makers to consider growth and employment when setting interest rates: "Our mandate as the Reserve Bank is to protect the value of the currency in the interest of balanced and sustainable growth. Anyone who says that the Reserve Bank must focus on growth has clearly not read the constitution," said Kganyago.
"When you talk about changing the mandate of the Reserve Bank you talk about changing the constitution."
Thank you EFF JuliusMalema for making this to happen
THOSE PEOPLE ARE THE ANC.
The government can spend up to R100bn to nationalize the reserve bank, whatever the reason, if any, one should ask if this is really a priority?
Oh good, another NERSA_ZA to destroy my hard earned cash.
I once heard a man wearing red overalls saying this
Go for it. Why now?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nothing sinister about nationalising Reserve Bank, says Cyril RamaphosaThe president says changing the central bank’s ownership will not necessarily affect its independence It’s just another waste of money on a futile policy choice. Giving the ANC led government the power to print money sounds pretty sinister to me... Highly contradictory! What a pity.
Source: BDliveSA - 🏆 12. / 63 Read more »
How Cyril Ramaphosa fared in his last Parly Q&A sessionEconomist Lumkile Mondi joins Talk Radio 702 host Karima Brown to discuss how President Ramaphosa handled his last Q&A session on 7 February.
Source: ewnupdates - 🏆 30. / 53 Read more »
Financial assistance on agenda as Cyril Ramaphosa visits ZimbabweKey among the issues to be discussed, besides sanctions is Zimbabwe’s request for financial assistance and the ongoing political and economic instability in that country who is assisting his country's citizens against the high cost of living? Who are we going to go to for assistance once he and his mob flush us down the toilet?
Source: BDliveSA - 🏆 12. / 63 Read more »
'Unity is non-negotiable,' Cyril Ramaphosa tells squabbling ANC factions in North WestPresident Cyril Ramaphosa says the ANC in the North West has no other choice but to forge unity in its provincial leadership as the party gears itself for elections. But he's the one that caused unnecessary tensions mxm Even if they belong in jail?
Source: TimesLIVE - 🏆 28. / 59 Read more »
Cyril Ramaphosa wants cleanup day à la RwandaPresident Cyril Ramaphosa yesterday announced plans to emulate Rwandan President Paul Kagame and clean up SA, saying the country's streets and towns are filthy. If Ramaphosa wants that clean up must put Tito Mboweni in-charge,the man knows best how clean Kigali,Rwanda is! Herman Mashaba for President He must join HermanMashaba on his AReSebetseng
Source: SundayTimesZA - 🏆 47. / 51 Read more »
Cape Town homeowners hit by steep new municipal valuations - even Cyril Ramaphosa has been affectedCape Town homeowners hit by steep new municipal valuations - even Cyril Ramaphosa has been affected | BISouthAfrica BISouthAfrica Da se gat BISouthAfrica CoCT - GREED is a terrible affliction !! 🤢 BISouthAfrica CR doesn’t mind , he just pushed the fuel levy up !
Source: News24 - 🏆 4. / 80 Read more »
Ramaphosa's letter exchange with 'Daisy from East London' wins Twitter praise | IOL News'Daisy from East London', in her multicoloured handwritten letter, praised and challenged President Cyril Ramaphosa. 😂 😂 What happened to journalism? Awu Daisy bathong.. too young to even understand...
Source: IOL - 🏆 46. / 51 Read more »
President Ramaphosa arrives in Eswatini - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.President Cyril Ramaphosa has arrived in neighbouring Eswatini, formerly known as Swaziland, on a working visit. I don't think is necessary for our president to visit country like Kingdom of Eswatini what kind of message he is sending And the President is joyous lakhaya Eswatini🙃🙃
Source: SABC News Online - 🏆 32. / 51 Read more »
Ramaphosa launches Future of WorkPresident Cyril Ramaphosa officiated the launch of the Future of Work report. This is hilarious Stop talking and get going, words words and more words, no action Talking Anc is their game vote for them their going deep in alf and bushiri pay roll mr president question is foreign pastors what there doing to your people is right if not what are you going to do is your country you change rules?
Source: eNCA - 🏆 49. / 51 Read more »
Trevor Noah spotted in ParliamentTrevor Noah was spotted walking towards Parliament where President Cyril Ramaphosa replied to questions. So? Is that revolutionary 🤔 what would it benefits marginalized blacks living under a dawn of poverty? The doos would be right at home there And ? 🙄🙄🙄
Source: eNCA - 🏆 49. / 51 Read more »