Court dismisses ‘irrational’ Sarb mandate challenge
Judge rules against South African public protector’s attempt to change the Sarb’s mandate
The South African Reserve Bank (Sarb) has won a legal victory in defence of its mandate, as a high court judgement issued today (August 15) ruled in favour of the central bank.
Judge JR Murphy threw out the proposal by public protector Busisiwe Mkhwebane that the Sarb’s mandate be altered to strip it of the requirement “to protect the value of the currency”, in favour of what she viewed as a broader mandate to protect the “socio-economic wellbeing” of South Africans.
The Sarb responded
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Most read
- ECB staff speak out against changes to internal survey
- Central bank of the year: Central Bank of Brazil
- French president calls for expanded ECB mandate