“As a long-standing member of the ANC and its leadership structures, I know and understand our resolutions.”
Minister of Finance Tito Mboweni has called for a ‘fundamental national debate’ on the Reserve Bank. Picture: SUNDAY TIMES / ESA ALEXANDER
Mboweni shared his thoughts on the Nasrec policy conference resolution in a Twitter thread on Tuesday evening and called for a “fundamental national debate” on the matter. The expansion of the Bank's mandate has remained a thorn in the side of the ANC, with leaders contradicting each other several times on the way forward, resulting in policy uncertainty.
“Answer the question: what do you want to achieve by nationalising the Reserve Bank? Don’t tell me about internal debates, NEC, etc. What do you want to achieve? Let's answer that fundamental question,” he tweeted.“As of now, 90% of the Reserve Bank profits are handed over to the National Revenue Fund. So? What do we want to achieve? Tell the public. Let's debate. Don't say internal debates; this is a fundamental national debate.
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