WHAT IS THIS OBSESSION WITH THE SOUTH AFRICAN RESERVE BANK?
1) I am now reaching a point of total exasperation with this continued attacks and obsession with the South African Reserve Bank.
2) I have explained on many occasions the purposes and functions of the South African serve Bank. What is the issue? What is the problem you want to solve? You blame the reserve bank for everything. Water, unemployment, electricity, growth, ... No people, No.
3) Here is the economic policy architecture:
3.1) The Constitution says that the mandate of the South African Reserve Bank is to “protect the value of the currency in the interests of balanced and sustainable growth in the rebuplic “.
3.2) Then there is this: the South African Reserve Bank operates independently without fear, favour or prejudice provided that there is regular consultations with the Minister of Finance. Done.