RUSSELL LAMBERTI: Ace's quantitative teasing

businesslive.co.za

- businesslive.co.za | 2 weeks ago

Last week, ANC secretary-general Ace Magashule announced that the ANC had resolved to do "quantity easing", by which he meant "quantitative easing" (QE), by which he meant "printing money", by which he meant, in a nutshell, "gimme".

That an ANC heavyweight would come out so brazenly for printing money came as a shock to many.

The ANC’s kleptocratic wing has long coveted the Reserve Bank money machine, much to the socialist wing’s vexation.

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