South African governor questions ruling party’s pledge to broaden mandate

Lesetja Kganyago
Elske Photography

South African Reserve Bank governor Lesetja Kganyago has spoken out against the ruling party’s election pledge to widen the central bank’s mandate.

The central bank’s mandate requires it to “achieve and maintain price stability” by meeting an inflation target set by the government. The current target is year-on-year inflation of between 3% and 6%. Sarb in practice aims to keep year-on-year inflation at near 4.5%.

But ahead of the general elections scheduled for May 8, the ruling African

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 [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: