SA weighs in on Mboweni and Magashule's SA Reserve Bank drama

SA weighs in on Mboweni and Magashule's SA Reserve Bank drama

ANC Secretary-General Ace Magashule and Finance Minister Tito Mboweni were at odds over Magashule's comments on the SA Reserve Bank yesterday. South Africans were torn between wanting to know why Magashule was commenting on economic affairs and who Mboweni's overseas contacts were.

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Ace Magashule's comment that the ANC was looking into a task team to look into expanding the mandate of the South African Reserve Bank has sparked a fair bit of drama this week. reported that Finance Minister Tito Mboweni had blasted the ANC Secretary-General for making comments that would have an adverse affect on the economy, insisting that there was no plan to nationalise the central bank.

Mboweni had claimed to have had calls from overseas, demanding to know what was happening:

"I am being asked what went wrong at the weekend, what were you people smoking?"

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South Africans comment on Magashule/Mboweni SARB drama

Source: Facebook
Source: Facebook

READ ALSO: Minister Tito Mboweni rubbishes Ace Magashule's Reserve Bank claims

South Africans had wanted to know why Magashule, who clearly wasn't a finance boffin, was commenting on the nations economic affairs in the first place, with many coming out in support of the Finance Minister.

However, his comment that the incident had attracted attention from overseas contacts had caused a stir, with citizens warning outsiders to mind their own business.

Despite the fallout, one commenter pointed out that the overseas calls had most likely come from potential or current investors, something that is needed at a time when the economy is battling to stay out of the red.

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