South African governor rejects calls to change mandate
The governor of the South African Reserve Bank (Sarb), Lesetja Kganyago, has rejected a recent call by a public official to change the central bank’s mandate.
Busisiwe Mkhwebane, South Africa’s “public protector”, or state ombudsman, told a press conference in Pretoria on June 19 that section 224 of the constitution, governing the central bank, must be amended.
Mkhwebane proposed that Sarb’s mandate should be amended to read: “The primary object of the South African Reserve Bank is to promote
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