South Africa's Public Protector, has been exposed as incompetent after trying to meddle with the constitutional mandate of the country's central bank.
Democracy and good governance require politicians to engage in reasoned debate, informed decision making and measured judgements. This presupposes rationality. Is this always true?
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.
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.
The public protector's proposal to change the mandate of South Africa's Reserve Bank goes well beyond changing individual rules to overturning their very foundation, anchored in the Constitution.
A financial system that is sure to collapse if the central bank cares about people’s well-being goes against democratic principle.
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.
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.
A change of attitude which comes with some deep introspection by South African business leaders can help address some of the country's key socioeconomic challenges.
The 2008 financial crisis exposed major gaps in central banks' operations. New features like quantitative easing have since emerged.
A radical tightening of exchange controls against corporations and wealthy individuals offers a short-term solution to South Africa's balance of payments crisis.
How is it possible that an African country whose currency is one of the top 20 most traded in the world only has the 33rd biggest economy?
The next step in South African students' fight against high university fees could be taken beyond campuses. The final battle will be fought at the country's National Treasury and Reserve Bank.
Thomas Piketty's visit reminds us of the need to reconsider South African inequality-fibbery. His inequality critique is vital, but only if it can withstand the neoliberal embrace.