Without specifically mentioning Trump, he says populism has become more ‘widespread in the world’.
South African Reserve Bank Governor Lesetja Kganyago, speaking at an Arbitration Foundation of Southern Africa dinner in Sandton, Johannesburg. Picture: Suren Naidoo/Moneyweb
While Kganyago did not specifically mention US President Donald Trump, who has returned to the White House and rocked several US and international institutions with attacks, executive orders and threats, it was a clear reference to Trump and other populist world leaders.
“But my focus today is on institutions. Populists have long been defined, in part, by their hostility towards institutions. The standard attack is that existing institutions are controlled by elites, who treat ordinary people with contempt and ignore their interests …,” said Kganyago. “But just because populism has a record of failure does not mean that established institutions are doing well,” Kganyago acknowledged.Trump signs executive order against SA, promises to resettle Afrikaans ‘victims of racial discrimination’ as refugees
“Probably one of the most difficult for us was in 2017, when the Sarb came under attack from the Public Protector – an independent institution established by the SA Constitution to uphold constitutional democracy and to investigate claims of abuse of power,” he noted.
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