There’s a raging debate in South Africa about the role of its central bank. This is inevitable given that so much is changing in the world of central banking and in economic life.
All over the world people who have been harmed by the conventional money systems are devising alternative currencies, challenging the centralised monetary policy approach.
The prevailing mandate of the South African Reserve Bank is informed by sound economics and the need to protect the institution from the whims of politicians.
Reserve Bank Governor Lesetja Kganyago. The role of South Africa’s central bank is at the centre of a heated debate.
Reuters/Siphiwe Sibeko
South Africa’s Public Protector, Busisiwe Mkhwebane has touched on two highly contentious issues: the unresolved bailout for a local bank three decades ago. And the role of the country’s Reserve Bank.
Fed Chair Janet Yellen speaks at a press conference following the rate-hike decision.
AP Photo/Susan Walsh
The Federal Reserve lifted rates for the second time this year and expects to do so once more, suggesting it’s fairly confident the economic recovery will continue. Is it overconfident?
South Africa’s Reserve Bank Governor Lesetja Kganyago.
Reuters/Rogan Ward
The South African Reserve Bank has come under spotlight due to the critical role it must play in enabling the country to navigate rough waters. Governor Lesetja Kganyago shares his views.
Just like apes, humans fear the unknown, and that’s why there’s so much uncertainty this week as markets brace for an interest-rate decision by the Federal Reserve.
Former Reserve Bank of India Governor Raghuram Rajan. He left the job after concerted political attacks.
Reuters/Shailesh Andrade
Attacks on the South African Reserve Bank and events in India that led to the exit of the governor of the country’s central bank are a warning that banks aren’t immune from political meddling.
South Africa’s former finance minister Pravin Gordhan chats with Lesetja Kganyago, governor of the country’s Reserve Bank.
Reuters/Siphiwe Sibeko
One of the worst hit countries during the financial crisis has regained economic strength inside a gilded cage – to the extent that it can now step outside, melt it down and re-sell the gold.
Distinguished Professor and Derek Schrier and Cecily Cameron Chair in Development Economics, School of Economics and Business Sciences, University of the Witwatersrand