Less than two months before ANC delegates meet to elect new leaders, Reserve Bank governor Lesetja Kganyago has rejected renewed calls from various quarters, including a section of the ANC, for the bank to expand its mandate to include job creation and growth.
Less than a week before the presentation of the medium-term budget, a new report has warned that fiscal consolidation is leading to a decline in the quality of public education, healthcare, and hampering efforts to fight crime.
The Reserve Bank’s monetary policy committee (MPC) is expected to hike the repo rate again on Thursday, with some economists supporting a tighter inflation target to make it possible to lower interest rates in the longer term.
China is fighting a battle on two fronts: to steady and revive its economy, and prove that it’s a geopolitical force to be reckoned with. Warnings of a full-blown conflict between US and China may be premature, but its Taiwan ‘military exercises’ are a harbinger of things to come for the.