Sarb governor Lesetja Kganyago welcomes court ruling affirming bank's mandate

The South Africa Reserve Bank (Sarb) has welcomed a High Court judgment affirming the institution’s inflation targeting mandate.

In June, Public Protector Busisiwe Mkhwebane proposed that the central bank's monetary policy target be changed from inflation and currency stability to economic growth.

Reserve Bank Governor Lesetja Kganyago addressed a media gathering on Tuesday, following the court judgeent.

Read: Mkhwebane's remedial action of Reserve Bank's mandate set aside by High Court

Kganyago and 30 other central bank governors from across the continent have gathered at the Sarb offices in Pretoria, reports EWN's Masa Kekana.

The banking delegates have gathered for the opening of this year’s governors’ symposium of the Association of African Banks under the theme ‘Monetary Integration Prospects’ in Africa.

President Jacob Zuma welcomed the delegates, calling the event a milestone occasion.

Zuma says the week-long conference comes at a time when the continent is still experiencing the negative effects of the global financial crisis.

Zuma was saying that African countries need to promote trade amongst one another.

Masa Kekana, EWN reporter

Take a listen to the EWN update:

CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
[LISTEN] Kaizer Chiefs to face Orlando Pirates in Soweto Derby

[LISTEN] Kaizer Chiefs to face Orlando Pirates in Soweto Derby

EWN Sports anchor Morena Mothupi shares his prediction for the game.

6500 scholar patrolman in Gauteng to go through compulsory vetting process

6500 scholar patrolman in Gauteng to go through compulsory vetting process

The process is compulsory for all scholar patrolman and follows a series of sexual abuse cases at reported at Gauteng schools.

Mkhwebane's remedial action of Reserve Bank's mandate set aside by High Court

Mkhwebane's remedial action of Reserve Bank's mandate set aside by High Court

Judge John Murphy endorsed the Reserve Bank Governor Lesetja Kganyago's criticism of Mkhwebane's findings.

Constitution mandates Sarb to protect the value of the rand in your pocket

Constitution mandates Sarb to protect the value of the rand in your pocket

The Money Show’s Bruce Whitfield interviews Reserve Bank Deputy Governor Kuben Naidoo.

Sarb governor says he was asked if he would quit after PP recommendation

Sarb governor says he was asked if he would quit after PP recommendation

Reserve Bank Governor Lesetja Kganyago appeared before Parliament’s standing committee on finance on Tuesday.

"Inflation targeting is the best route for an emerging market" - economist

"Inflation targeting is the best route for an emerging market" - economist

Thabi Leoka disagrees with Deputy Finance Minister Buthelezi that inflation targeting is bad for emerging economies such as SA.

Popular articles
Meet Whitey Basson (the retail guru who turned Shoprite into a R127bn behemoth)

Meet Whitey Basson (the retail guru who turned Shoprite into a R127bn behemoth)

The Money Show’s Bruce Whitfield interviews the former CEO of Africa’s largest retailer by far.

CT airport shooting attempted hit on gang boss allegedly linked to '28s' -expert

CT airport shooting attempted hit on gang boss allegedly linked to '28s' -expert

A policing expert explains that the airport shooting may be linked to the shooting at a Stellenbosch nightclub this past weekend.

Almost 30 million SA ID numbers compromised after site hacked

Almost 30 million SA ID numbers compromised after site hacked

Independent Marketing Consultant in the Technology Space, Andrew Fraser says this looks like a leak and not a hack.

Cape Town International Airport shooting could be gang related - ACSA

Cape Town International Airport shooting could be gang related - ACSA

The incident happened in the early hours of Wednesday morning.

Kloof Street residents living in fear as crime multiplies

Kloof Street residents living in fear as crime multiplies

A Cape Town man was stabbed to death on Saturday while trying to assist two women who were being mugged on Kloof street.