Speaking his mind: Former president Thabo Mbeki arrives at the Rand Easter Show in Johannesburg. He slammed the proposed nationalisation of the Reserve Bank and came out to endorse the ANC. Picture: GENEVIEVE QUINTAL
But the intervention is likely to be welcomed by Bank governor Lesetja Kganyago, who has previously warned that election-driven “crazy ideas” about the Bank’s ownership and mandate would harm investor confidence, while buying out its shareholders would divert resources from key developmental needs. The issue came back to the fore in January when the governing party released an election manifesto saying the Bank should “pursue a flexible monetary policy regime”.
Mbeki said on Tuesday he would need someone to sit down and explain to him exactly why the Bank should be nationalised. “I hear people saying the Reserve Bank must move away from this business of inflation targeting. Inflation targeting is not a decision of the Reserve Bank, it is a decision of the South African government.
We don't care what he thinks its Conference Resolution he must just stay there in Retirement!
A black leader in Africa who says that to his people is a leader intellectually bankrupt and these kind of leaders have allow our great mother continent to be use as slaves, people no more and Africa Union should make a note let take our money resources back
Water is wet.
This man is a fraud and a puppet
Well then tell that perpetually surprised Buffalo in charge of the country. It seems to think it's a great idea.
Utata lo sewaba nesisu naye, hehehe.
Louder Mr President. But maybe we shouldn't undermine the symbolic value
What is it that Mr Mbeki wants that will benefit black people? He failed to implement free education, he was against the expropriation of land without compensation and now is against nationalization of RB, EFF is crushing the Capitalists. He just need to calm down
....BUT he is right! He is not one of my favorites...BUT dude is right!!!
So there's no problem nationalising it then..
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