Structural reforms needed to lift growth, says Lesetja Kganyago

No amount of monetary policy action can lift SA’s economic performance if structural impediments such as poor electricity supply are not dealt with, Reserve Bank governor Lesetja Kganyago says.

2020-09-23 11:45:00 PM

No amount of monetary policy action can lift SA’s economic performance if structural impediments such as poor electricity supply are not dealt with, Reserve Bank governor Lesetja Kganyago says.

No amount of monetary policy action can lift SA’s economic performance if structural impediments such as poor electricity supply are not dealt with, Reserve Bank governor Lesetja Kganyago says.

ByLynley DonnellyReserve Bank governor Lesetja Kganyago at the Reserve Bank head offices in Pretoria. Picture: FREDDY MAVUNDANo amount of monetary policy actioncan lift SA’s economic performance if structural impediments such as poor electricity supply are not dealt with, Reserve Bank governor Lesetja Kganyago says.

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The Bank, which has had to fend off criticism that it could have done more to safeguard the economy since the outbreak of Covid-19, despite cutting its main interest rate to the lowest level in about half a century, can do very little about the factors that have held SA back over the past decade, Kganyago told Tim Modise on Business Day TV’s current affairs show,

Political Currency.Even as the economy made a tentative recovery after the national lockdown was eased in July, Eskom was still unable to keep the lights on, he noted. The economy was hit with power cuts, despite the lockdown ceasing activity across the board since March, with GDP contracting 51% in the second quarter on an annualised basis. headtopics.com

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Structural reforms needed to lift growth, says Lesetja KganyagoThe Reserve Bank, which has steadfastly reiterated that monetary policy alone cannot stimulate growth, faced questions after it held interest rates steady last week 🙄🙄🙄 we need another government, not these MYANC thieves! He doesn’t know what he’s talking about... Same shot different day.

In conversation with the South African Reserve bank GovernorWEBINAR: Join us as we host Mr Lesetja Kganyago, Governor of the South African Reserve Bank in a live webcast. For more information, visit:

Lack of political will entrenches Zimbabwe’s culture of malfeasanceA structural corruption continuum has enabled the personal enrichment of political elites Wow. You actually have no shame with your obsession with Zimbabwe. What political will are you on about? Sounds familiar! 🙄 REDISTRIBUTION POLICIES look attractive until it KILLS THE HEN THAT WILL LAY THE EGGS. ASK Zimbabweans how rich they feel owning land ON A EMPTY STOMACH !

Cartrack expects profit lift despite Covid-19The pandemic disrupted installations, but the group says there was still demand for its tracking technology

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