ANC warns Mboweni to toe party line on Sarb nationalisation

JOHANNESBURG - The African National Congress (ANC) has cautioned Finance Minister Tito Mboweni to be aware of the implications of his comments about the party’s position to nationalise the South African Reserve Bank.

Mboweni, who is also an NEC member, has tweeted that the ANC adopted the wrong resolution during its policy conference in 2017 by wanting the central bank to be nationalised.

The issue of what purpose the reserve bank should and should not serve has once again played out within the ANC.

Mboweni took to Twitter on Tuesday to ask what the ANC wanted to achieve by nationalising the bank.

Party spokesperson Pule Mabe said that the leadership of the ANC was expected to be consistent, coherent and united on policy positions.

"The leadership of the ANC is expected to appreciate the need to articulate a consistent, coherent and unified message on policy positions. Unfortunately, public spats initiated without any provocation feeds into the narrative of lack of policy certainty."

ANC leaders counter-attacked each other last year about the mandate of the central bank, with some saying the mandate of the institution should be expanded to include job creation.

The party said that only the ANC national conference had the right and power to change any decisions.


This article first appeared on EWN : ANC warns Mboweni to toe party line on Sarb nationalisation


Recommended

by NEWSROOM AI
Read More
Phuthuma Nhleko steps down from MTN board

Phuthuma Nhleko steps down from MTN board

Nhleko was behind the overseeing of an orderly transition of the board, including the establishment of the international advisory board.

ANC names Geoff Makhubo as its candidate for Joburg mayor

ANC names Geoff Makhubo as its candidate for Joburg mayor

City council is today meeting to elect a new mayor for the metro after Herman Mashaba's departure from the office on Wednesday.

Liberty founder Donald Gordon dies

Liberty founder Donald Gordon dies

The financial services company announced Gordon passed away after a short illness.

Andre de Ruyter announced as new Eskom CEO

Andre de Ruyter announced as new Eskom CEO

Public Enterprises Minister Pravin Gordhan made the announcement on Monday.

Zuma loses bid to appeal Hanekom apology ruling

Zuma loses bid to appeal Hanekom apology ruling

The court ordered Zuma to apologise to former minister Derek Hanekom for calling him 'a known enemy of the state'.

ProKid described as a true family man who loved his mom

ProKid described as a true family man who loved his mom

His brother Sandile Mkhize says he promised ProKid that he will continue where he left off.

Popular articles
[VIDEO] Family saved from being hit by speeding SUV goes viral

[VIDEO] Family saved from being hit by speeding SUV goes viral

Khabazela shares tweets and Facebook posts that have gone viral.