SACP calls for expansion of South African Reserve Bank mandate

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In 2019, suspended ANC secretary general Ace Magashule said the NEC Lekgotla had resolved to expand the central bank's mandate.

JOHANNESBURG - The SACP seems set to revive the debate on expanding the South African Reserve Bank's mandate to include job creation.

It's in an effort to address the country's high unemployment rate, which currently sits at 34.9-percent.In 2019, suspended ANC secretary-general Ace Magashule said the NEC Lekgotla had resolved to expand the central bank's mandate.Reserve Bank governor Lesetja Kganyago also said it was impossible for the central bank to undertake such a task.

 

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Calls will never be enough in a privately owned entity like the SARB. It must first be owned by the state then argue what ever you want to call

I would like to see the SACP contest elections on their own. If they manage to win even 1 seat, I would be surprised.

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