Reserve bank proposal is in line with majority of OECD countries - Brown

Political analyst Karima Brown says while proposal by the African National Congress (ANC) to change the South African Reserve Bank's ownership is in line with majority of OECD countries, the suggestion may raise a few questions.

Economic Transformation Commission Chair Enoch Godongwana announced earlier on Wednesday that it's an anomaly for the country's bank to be in private hands.

READ: Why the ANC is gunning for the Reserve Bank (holder of ‘money printing presses’)

The bank has responded to the discussion by the ANC by saying the shareholding of the bank has no bearing on its policy or regulatory role.

The proposal yesterday is very different from the unconstitutional efforts by the public protector to try and interfere with the mandate of the bank legally... however the context in which the discussion happened at Nasrec, is within the context of what the public protector had been doing.

Karima Brown, political analyst

For people watching South Africa the context is important and that blurring between shareholding and mandate is for many an academic one.... we also saw the currency taking a tumble there.

Karima Brown, political analyst

Click on the link below to listen to the full audio....


Recommended

by NEWSROOM AI
Read More
[LISTEN] Zweli Mkhize says #ANCNPC not aimed at binding conclusions

[LISTEN] Zweli Mkhize says #ANCNPC not aimed at binding conclusions

Dr Zweli Mkhize explains the policy conference raised key issues to be resolved in December as is standard procedure.

‘ANC Policy Conference offered no solutions’

‘ANC Policy Conference offered no solutions’

The ANC’s Policy Conference was not about policy, but positions, says Midday Report presenter Stephen Grootes.

Why the ANC is gunning for the Reserve Bank (holder of ‘money printing presses’)

Why the ANC is gunning for the Reserve Bank (holder of ‘money printing presses’)

It’s more complicated than a capture, says Investec Economic Strategist Chris Becker.

"If Dlamini-Zuma wins we're likely to see the biggest split in the ANC" analyst

"If Dlamini-Zuma wins we're likely to see the biggest split in the ANC" analyst

Wednesday marks the 5th day of the ANC national policy conference.

When it comes to the ballot, people don't vote in English - Matshiqi

When it comes to the ballot, people don't vote in English - Matshiqi

Analysts Aubrey Matshiqi and Steven Friedman give their take on issues raised at the ANC's policy conference.

Reserve Bank files urgent application against Public Protector's findings

Reserve Bank files urgent application against Public Protector's findings

Legal Representative for SA Reserve Bank Chris Moraitis says they want court to set aside Mkhwebane's proposed remedial action.

CIEX chair defends company's reputation in claims surrounding PP's report

CIEX chair defends company's reputation in claims surrounding PP's report

CIEX founder Michael Oatley disputes former Reserve Bank governor Tito Mboweni’s claims regarding the Bankorp investigation.

Popular articles
Yet another wet and cold weekend for Gauteng warns weather service

Yet another wet and cold weekend for Gauteng warns weather service

Gauteng residents are warned to brace themselves for another weekend of heavy rain, possible hail and damaging winds.

[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'.

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.

'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.

Proposed legislation will make it harder to own a gun

Proposed legislation will make it harder to own a gun

Gideon Joubert says if passed, it will be more difficult to purchase or continue owning firearms for self-defence.

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.