Business in Africa: role and responsibilities of central banks

This Wednesday, Refilwe Moloto and Africa Melane picked up on a very important conversation that began in recent weeks.

Founder and Principal Advisor, Ambassador Advisory, Refilwe Moloto unpacks the role and responsibilities of central banks as well as the risks of shifting these as played out in Africa.

In particular, the appropriateness of price stability via inflation targeting, for the average man on the street, not just big business especially in a small, open economies, by which Africa is dominated.

With a volatile exchange rate & the dependence on commodities, African economies are effectively price-takers in a dollar-denominated world

Refilwe Moloto, Founder and Principal Advisor at Ambassador Advisory

This has an impact on both the prices we earn on our exports, but also the prices the average consumer on the street is faced with their basket is largely comprised of food, energy and transport. Maize & oil are priced in dollarised markets.

These are very different circumstances from countries like the USA, whose central bank mission statements are being used in defence of abandoning inflation targeting in SA.

Listen to the Business in Africa report with Refilwe Moloto here:


Recommended

by NEWSROOM AI
Read More
Business in Africa: Africa Visa Openness

Business in Africa: Africa Visa Openness

Refilwe Moloto, Founder and Principal Advisor: Ambassador Advisory looks at the openness of migration in Africa.

Investing in increasingly wealthy Mauritius (Africa’s most functional democracy)

Investing in increasingly wealthy Mauritius (Africa’s most functional democracy)

Bruce Whitfield interviews Nikiwe Bikitsha, who is on a fact-finding mission in Mauritius courtesy of Standard Bank.

Joy and gratitude as Relebogile visits Tshepong Center

Joy and gratitude as Relebogile visits Tshepong Center

Relebogile Mabotja and the Spar Truck of Love visited the Tshepong Center for the disabled to deliver some necessities.

Business in Africa: Central banks across Africa and how they work

Business in Africa: Central banks across Africa and how they work

This week Ambassador Advisory's Refilwe Moloto chats to John Maytham about central banks in Africa.

Business in Africa: Akon lights up Africa

Business in Africa: Akon lights up Africa

Refilwe Moloto of Ambassador Advisory tells CapeTalk's John Maytham about rapper, Akon's entrepreneurial success with solar power.

Business in Africa: French president Emmanuel Macron may be good for Africa

Business in Africa: French president Emmanuel Macron may be good for Africa

Refilwe Moloto, Founder and Principal Advisor, Ambassador Advisory continues her weekly analysis.

Liberty Holdings failed to put succession plan in place - BMF

Liberty Holdings failed to put succession plan in place - BMF

BMF managing director Busi Mavuso says poor succession planning is reversing the efforts of transformation in the private sector.

Hair in Africa is amongst the most lucrative and profitable consumer businesses

Hair in Africa is amongst the most lucrative and profitable consumer businesses

Ambassador Advisory's Refilwe Moloto explains how lucrative and profitable the black hair business is.

[LISTEN] Business in Africa unpacks financial sector growth on the continent

[LISTEN] Business in Africa unpacks financial sector growth on the continent

Refilwe Moloto, Founder and Principal Advisor at Ambassador Advisory breaks down financial services expected to grow in Africa.

Business in Africa: Construction

Business in Africa: Construction

Refilwe Moloto shares McKinsey's 2016 Lions II on the Move report with John Maytham on Africa's best-growing sectors.

[LISTEN] Caller says "Jacob Zuma has us by the balls"

[LISTEN] Caller says "Jacob Zuma has us by the balls"

Caller Busi gets in a frenzy about how South Africans are so quick to move on from one subject to the other.

Business in Africa: Manufacturing

Business in Africa: Manufacturing

Refilwe Moloto looks at manufacturing in Africa and how it compares with the rest of the world.

Refilwe Moloto gives an update on the impact of junk status 10 days later

Refilwe Moloto gives an update on the impact of junk status 10 days later

Moloto says investors may still take a risk on junk bonds.

Tom Misch, Africa Melane's greatest find at Cape Town International Jazz Fest

Tom Misch, Africa Melane's greatest find at Cape Town International Jazz Fest

Opinion: Africa Melane says politics of the nation, mind and body were laid out to soothe the soul at the Cape Town Jazz Fest.

Africa Focus: A forecast of South Africa post downgrade status

Africa Focus: A forecast of South Africa post downgrade status

Ambassador Advisory's Refilwe Moloto discusses South Africa's chances of further downgrades and the impact this will have.

Is South Africa heading towards authoritarian state?

Is South Africa heading towards authoritarian state?

Dr Vashna Jagarnath and eNCA's Busi Gumede talk media freedom, state involvement and securitisation of the state.

Africa Business: Which sectors are set to grow in Africa?

Africa Business: Which sectors are set to grow in Africa?

Many sectors have room to grow driven by the pent up demand and opportunistic entrepreneurial approach to gaps in the market.

Thandiswa Mazwai pays homage to mother and SA's music icons in new album, Belede

Thandiswa Mazwai pays homage to mother and SA's music icons in new album, Belede

Mazwai pays tribute to South Africa's musical greats such as Miriam Makeba, Busi Mhlongo, Hugh Masekela and others.

Right2Know Campaign broadening its fight to 'let truth be truth'

Right2Know Campaign broadening its fight to 'let truth be truth'

Busi Mtabane describes how the Right2Know Campaign has grown to become integral in South African civic action.

Popular articles
[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone Viral'.

How to pay up to 45% less tax (and save the SA economy while you’re at it)

How to pay up to 45% less tax (and save the SA economy while you’re at it)

The Money Show’s Bruce Whitfield interviews Darryn Faulds, a fund manager at Grovest Group.

10-year-old maths whiz Sbahle Zwane gets a scholarship from Curro school

10-year-old maths whiz Sbahle Zwane gets a scholarship from Curro school

Azania Mosaka catches up with Sbahle Zwane's mother to hear about developments with his schooling.

Is the ANCYL still relevant and who is likely to take over the leadership reins?

Is the ANCYL still relevant and who is likely to take over the leadership reins?

Former ANCYL spokesperson and eNCA political reporter Samkele Maseko discuss who is up for the new ANCYL leadership.

'It's unacceptable that government officials pay R75 for luxury apartments'

'It's unacceptable that government officials pay R75 for luxury apartments'

IFP national spokesperson Mkhuleko Hlengwa says the party is calling for a review of these rates that are a cost to taxpayers.

[WATCH] Sars boss confusing, evasive testimony at Nugent Commission

[WATCH] Sars boss confusing, evasive testimony at Nugent Commission

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone viral'.

Getting drunk improves creative problem solving - Harvard Business School

Getting drunk improves creative problem solving - Harvard Business School

Bruce Whitfield asks branding and advertising expert Andy Rice about a peculiar study that has creatives reaching for the tequila.