flexible monetary policy

A review of the SA Reserve Bank mandate features in the ANC’s election manifesto, which brushes off the push for nationalisation, but instead drives for a more flexible monetary policy.

At the party’s election manifesto launch in Durban on Saturday, the ANC finally elevated the debate to possible government policy, some years after the status of the Reserve Bank became a contentious subject within the party.

The commitment has placed an obligation on the ANC to implement the decision should it win the May general election.

The Reserve Bank is a public institution but it has an independent mandate.

Echoing the delegates at the party’s 2017 Nasrec national conference in Johannesburg, the ANC’s manifesto states the Reserve Bank should pursue a flexible monetary policy regime, aligned with the objectives of the party’s programmes.

This was to be done “without sacrificing the price stability, but redirecting monetary policy
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Economists have issued a serious warning as they fear public pension funds will be used to fill Eskom’s massive black debt gap.

Mike Schussler shares other economists’ fears and says that such rumors have been around for 11 months. Eskom’s debt burden may rise to R600bn over the next few years, and businessmen reckon Eskom will not get rid of the huge debt burden again unless skilled people take control and get rid of the hundreds of redundant workers.

South Africans’ pension funds are in the ANC’s sights and the governing party may be able to prescribe future asset managers of these funds how to invest their money.

It is believed that they are striving to receive funds for “socially productive investments (such as housing, social and economic development infrastructure and township economies) and job creation”.

Intellidex economist Peter Attard Montalto, in response to the ANC’s election ma
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Posts tagged with 'flexible monetary policy'

The ANC targets Reserve Bank mandate, they want a more flexible monetary policy

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