Tito Mboweni's comments on SARB earn him a lashing from the ANC

Tito Mboweni's comments on SARB earn him a lashing from the ANC

- Finance Minister Tito Mboweni knew he wasn't going to be making friends within the ANC with his recent comments

- Mboweni said that he understood the resolution had been made to nationalise the SARB

- However, the minister's stance on the issue has nevertheless drawn criticism from the ruling party

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Tito Mboweni suspected that he was beating a hornet's nest when he questioned why the ANC was moving forward with a resolution to nationalise the South African Reserve Bank.

Briefly.co.za reported that the finance minister had taken to social media to call for a debate on the issue:

"As a long-standing member of the ANC and its leadership structures, I know and understand our resolutions. I don’t need lectures on that. But on the SARB, I am convinced that we adopted a wrong resolution. What do we want to achieve? Our Strategic focus: Structural Economic Reforms."

READ ALSO: Rebellious Mboweni voices stance on SARB: Burn me at the stake then

But this hasn't stopped the ANC from criticising Mboweni for rebelling against party decisions, reports eNCA.

Spokesperson Pule Mabe says that leadership is expected to uphold resolutions undertaken by the ANC and uphold them, not voice their reservations on public platforms.

In response to questions posed on Mboweni's comments, Mabe gave the minister a lashing:

"There could be a resolution or that before we go to conferences not all of us would be one in terms of the resolutions that would be arrived at but the discipline of the collective which guides all of our structures on the ground is that when conferences rise having taken certain resolutions, all of those resolutions are supposed to be the dictate of the organisation for the next five years."

Nevertheless, Mboweni is adamant nationalising a structure that is already handing over 90% of its revenue would serve as an exercise in futility.

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Source: Briefly.co.za

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