SACP wants mandate of SA Reserve Bank reviewed | IOL News

Johannesburg -

Discussion documents prepared for the end-of-year gathering are agitating for a policy rejected by Ramaphosa during his post-election State of the Nation Address in June. But the SACP wants Mboweni to “explicitly change the mandate of the Reserve Bank to include growth and employment priorities, with the amount of money in circulation and price stability secondary targets as means to an end and not objectives in their own right.”The party has undertaken to campaign for Mboweni to direct concessional credit to specific sectors such as small, micro and medium enterprises as well as local co-operative banks.

The SACP also wants the Reserve Bank to “monetise” rand-denominated debt by purchasing public debt held by the Public Investment Corporation , on condition that the continent’s largest asset manager, the PIC, invests the new cash in key productive areas.

The SACP must go to .....

They must contest elections and implement their policies presently they are parasite

Good... let them collide. See if we care! I hope Ramaphosa will ask his immigrants and Venda tribe that he has been obsessively defending to support him. Sorry we don’t want to be involved

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