ANC's reserve bank meltdown likely to take centre stage at top 6 meeting

news24.com

- news24.com | 5 months ago

Public clashes of top ANC officials around the expansion of the mandate of the South African Reserve Bank (SARB) are likely to be a talking point in a meeting of the party's top six on Monday.

Two senior party officials, who asked to remain anonymous, told News24 on Wednesday that recent contradictory statements from secretary general (SG) Ace Magashule, Minister of Finance Tito Mboweni and the party's economic transformation head, Enoch Godongwana, would form part of the discussion by the top six. On Tuesday afternoon, Magashule held a media briefing to outline the outcomes of the party's national executive committee (NEC) lekgotla that was held over the weekend.

During the briefing, Magashule made a startling revelation that the NEC had resolved to expand the reserve bank's mandate beyond price stability to include growth and employment.

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