Mboweni takes flak...

The admirable Tito Mboweni, governor of the South African Reserve Bank, is under bombardment as fellow countrymen splutter at his recent pay rise. Mboweni has been accused of double standards for accepting a pay rise of 9% this year and 12% last year (significantly over the inflation target of 3-6%), while apparently preaching a "wage restraint gospel" that workers' pay should rise in line with the inflation target.

This has provoked the critics, despite the fact that, as the central bank has