Streaming issues? Report here
kenny-show-picjpg kenny-show-picjpg
702 Music with Kenny Maistry
10:00 - 14:00
volume_up
volume_mute

Up Next: 702 Music with Nonn Botha
See full line-up
702 Music with Kenny Maistry
10:00 - 14:00
Home
arrow_forward
Politics

ANC Sarb spat takes to Twitter: 'Is there policy uncertainty?' tweets Jacob Zuma

7 June 2019 6:34 AM
Tags:
Jacob Zuma
ANC
Sarb
Ace Magashule

Shortly after President Ramaphosa released a statement reaffirming the mandate of the reserve bank, others contradicted him.

Earlier this week ANC secretary-general Ace Magashule said the ANC has agreed to expand the mandate of the South African Reserve Bank (Sarb) to focus on development and job creation.

Magashule says the party is exploring quantitative easing – printing money out of nowhere.

Finance Minister Tito Mboweni, however, immediately took to social media to contradict Magashule, the ruling party’s economic transformation head Enoch Godongwana was also quick in slamming Magashule, saying the ANC has not decided to change the Sarb’s mandate, and Sarb Governor Lesetja Kganyago too was scathing in his response to Magashule’s statement.

Late on Thursday afternoon President Ramaphosa released a statement reaffirming the mandate of the reserve bank, describing the current spat as "not helpful".

Minutes later, Magashule contradicted this statement again posting on Twitter that the party's NEC lekgotla had resolved to expand the mandate beyond price stability to include employment and growth.

The tweet soon disappeared and Magashule insisted it was a fake tweet from a fake account, insisting his account was hacked.

But News24 reported that the Uniform Resource Locator or URL, known as the web address, shows the Tweet was created by Mahashule's account and then deleted, as "Twitter generates a unique set of numbers" for each tweet.

Then around 7.30pm, former president Jacob Zuma took to Twitter to release this tweet, appearing to back Magashule, and reaffirm the monetary policy outlined at the ANC's 53rd National Conference resolution.

Tweeps accused Zuma of "being the new ANN7" and criticised him for interfering, while others showed him support.

Listen to this and other trending stories with Barbara Friedman on Barbs Wire below:


This article first appeared on CapeTalk : ANC Sarb spat takes to Twitter: 'Is there policy uncertainty?' tweets Jacob Zuma


7 June 2019 6:34 AM
Tags:
Jacob Zuma
ANC
Sarb
Ace Magashule

More from Politics

factory-production-manufacturejpg

SA economy: 'Manufacturing remains an engine of growth and must be prioritised'

23 September 2020 6:53 PM

The sector is at a tipping point. Arabile Gumede interviews Philippa Rodseth from industry body, the Manufacturing Circle.

Share this:
Read More arrow_forward

zwanejpg

Witness confirms that Mosebenzi Zwane knew about illegal activities

23 September 2020 12:49 PM

According EWN reporter Nthakoana Ngatane, Mokoena says the former MEC came up with the idea of prepayment.

Share this:
Read More arrow_forward

Corruption money bribes 123rf

More whistleblowers report corruption during pandemic, police top the list

22 September 2020 6:43 PM

Corruption Watch has released its 2020 report on corruption trends. Arabile Gumede interviews CW's Kavisha Pillay.

Share this:
Read More arrow_forward

screen-shot-2020-09-22-at-71026-ampng

'KPMG allowed itself to be used to justify actions that had already been taken'

22 September 2020 7:48 AM

Professor Wiseman Nkuhlu reflects on his new book titled Enabler or Victim: KPMG SA and State Capture.

Share this:
Read More arrow_forward

SAA

We’ll find the money (R10.5bn)! We won’t allow SAA to die – Public Enterprises

21 September 2020 6:23 PM

The "new" SAA needs more than R10 billion to take off. Arabile Gumede interviews Intellidex’s Peter Attard Montalto.

Share this:
Read More arrow_forward

Judge courts justice judgment law legal 123rflegal 123rflaw 123rfpolitics 123rf

New York court grants IDC order to have access to Gupta family financial records

21 September 2020 12:44 PM

News24 journalist Kyle Cowan gives more insight on what the ruling will mean for the attempt to prove that money was laundered.

Share this:
Read More arrow_forward

Nigeria flag nigerian 123rf 123rfAfrica 123rfBusiness

'March to Nigerian Embassy against crime could fuel xenophobic violence'

21 September 2020 7:43 AM

Human Rights Watch South African director Dewa Mavhinga reflects on the planned march to the Nigerian Embassy against crime.

Share this:
Read More arrow_forward

COVID-19 virus coronavirus outbreak blood sample test tube 123rfpolitics 123rf

UPDATE: 13 more COVID-19 deaths as SA recoveries surpass 590,000

20 September 2020 9:07 PM

The number of national recoveries so far is 590,071, which translates to a recovery rate of 89.2%. Gauteng has 193,153 recoveries.

Share this:
Read More arrow_forward

South African Airways SAA 123rf 123rfbusiness

Government commits to give SAA R10.5bn but where will this money come from?

18 September 2020 1:01 PM

Daily Maverick journalist Ray Mahlaka and Sacca president Zazi Nsibanyoni-Mugambi reflect on government's commitment.

Share this:
Read More arrow_forward

Herman Mashaba

Action SA given mandate by 2.4 million citizens to run for elections - Mashaba

18 September 2020 7:17 AM

Party leader Herman Mashaba says it is time for citizens to elect people who will serve them and not their political needs.

Share this:
Read More arrow_forward