South Africans have signaled alarm bells regarding the independence of the SA Reserve Bank (SARB) amid recent developments in the country's political landscape.
This comes after what seems to be an attack on the institution by African National Congress (ANC) bigwigs Jessie Duarte and Mosebenzi Zwane, who have made comments slating the policy-making and regulatory institution.
702's John Robbie spoke to the deputy governor, Kuben Naidoo, regarding their mandate and whether there's cause for concern.
There's absolutely nothing wrong with people in society criticising the bank. It happens all over the world... We don't have a monopoly on wisdom.— Kuben Naidoo, Deputy Governor of SA Reserve Bank
Where there are attacks on the independence and integrity of the Reserve Bank, it is necessary to come out and set the facts clearly.— Kuben Naidoo, Deputy Governor of SA Reserve Bank