Leave the Reserve Bank alone - Nedbank CEO

fin24.com

- fin24.com | 3 months ago

Nedbank CEO Mike Brown has warned that changing the mandate of the Reserve Bank won’t provide a solution to the problems facing the country, urging government to rather focus on implementing growth stimulating policies.

"Leave the Reserve Bank alone," said Brown. Last week, ANC Senior Secretary-General, Ace Magashule, stirred debate around the status of the central bank when he announced that the party’s NEC lekgotla had resolved to expand the bank's mandate to include growth and employment.

Magashule’s statement prompted conflicting statements over the issue from ANC and government officials, including President Cyril Ramaphosa.

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