… probably Johnny Walker Blue Label … The leadership of the African National Congress are feeling quite satisfied with themselves – and they have some justification. They have finessed both the SARB governorship and the transition at the Treasury and everyone, apparently, feels like a winner. For now. The two positions about which the financial marketsContinue reading “The Spirit of Polokwane?”
Category Archives: Monetary policy
Trading Tito for Gill
President Zuma’s announcement yesterday (Sunday) that Gill Marcus will replace Tito Mboweni as Governor of the SARB in November is likely to feed anxieties about policy continuity – despite reassurance that policy at the SARB will not change under Marcus. The issue is not that Marcus is less competent or more likely to side with organised labour’s attacksContinue reading “Trading Tito for Gill”
Inflation targeting – the lovely discourse
You might not be aware of it, but there is “a lovely discourse” about inflation targeting going on. These were the gentle, if slightly quaint, words of Pravin Gordhan as part of an expression of support for SARB governor Tito Mboweni yesterday (June 23). This comes after months of Cosatu’s blustering against inflation targeting: threatening to callContinue reading “Inflation targeting – the lovely discourse”
Nic Borain 