- President Ramaphosa is conserned that there is no cohersion amoung ANC members regarding the economy and the way foward
- The issue around central bank losing it's independance, is not in the plan, however, ANC members are still giving energy to the situation
- Ramaphosa says that ANC members need to trust the SARB to do their job and turn their focus to other matters
President Cyril Ramaphosa is facing quiet a dilemma with the ANC members at present.
He aspires to achieve a situation where all leaders “sing from the same hymn book” with regards to the South African economy, however, he feels that the party is too much of a “broad church” at the moment for this to materialise.
When responding to questions asked around the dissimilar commentary from the ANC regarding vital aspects of the economy, Ramaphosa came to the conclusion that some common ground needs to be established.
“It is a broad church so these things happen.… We want to minimise this as much as we can and get everyone singing from the same hymn book.”
Briefly.co.za learnt that Ramaphosa was addressing the South African National Editors Forum in Cape Town on Thursday when he gave the above statement.
Ramaphosa went on further to highlight that the problem needs to be resolved, come hell or high water.
“In the end I guess we have to deal with them and put the record straight.”
Last year, the ANC adopted a motion calling for government ownership of the South African Reserve Bank.
The bank’s independence is protected by the Constitution. The Bank is independent from government. Private shareholders have no say over monetary policy.
The South African Reserve Bank (SARB) remaining as an independent body was one of Ramaphosa’s clear point.
Ramaphosa was part of the implementation of the clause and reminds us that it is an “unassailable part of the Constitution”.
Ramaphosa upholds that the central bank should continue as an independent agent and in charge of managing monetary policy.
“Government should focus on the fiscal side and trust the SARB to manage the protection and efficacy of the currency.”
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