You can bank on the Bank, says Cyril amid confusion
As conflicting messages emerge over the role of Reserve Bank, president assures SAs its mandate will remain intact
President Cyril Ramaphosa on Thursday assured citizens and investors that his government has no intention to tamper with the mandate of the SA Reserve Bank.
In a statement issued on behalf of the ANC’s powerful top six, Ramaphosa said there were no immediate plans to nationalise the central bank – and added that such a move would come at a cost given the current sluggish nature of the economy.
The president met with ANC secretary-general Ace Magashule and other ANC top six officials following a public fallout over comments over the future of the bank...