The debate about the mandate of the South African Reserve Bank must be located within a clearly articulated political vision and social compact on the kind of society South Africans aspire to.
After South Africa's first democratic election in 1994, the previously oppressed and dispossessed black majority hoped for constitutional restitution of their land. This has largely failed.
A combination of politicking ahead of the ANC policy conference, plus the machinations just before it met meant heightened tensions between rival factions.
The policy conference of South Africa's governing ANC will be remembered for a party in disarray, plagued with internal dissent.