Ramaphosa confirms Sarb mandate remains unchanged

Cyril Ramaphosa
Government of South Africa

South African president Cyril Ramaphosa publicly rejected claims by members of his political party that the government would change the central bank’s mandate.  

On June 4, Ace Magashule, the secretary general of the governing African National Congress, said the ANC had expanded the South African Reserve Bank’s mandate to include economic growth and employment.

On June 20, Ramaphosa rejected this assertion before parliament in his televised state of the nation speech. “The constitution sets

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