Top ANC officials have clashed over the mandate of the South African Reserve Bank after party Secretary-General Ace Magashule said the mandate of the Bank will be expanded.
However, Magashule’s statement on Tuesday elicited a denial from Finance Minister Tito Mboweni and ANC head of economic transformation Enoch Godongwana.
Hours after Magashule had told journalists at Luthuli House that the National Executive Committee (NEC) had agreed at its weekend lekgotla in Irene, Pretoria, that the mandate of the Sarb will be expanded to include employment and growth, Mboweni and Godongwana denied this.
Godongwane said there was no decision to expand the mandate of the Sarb.
He also denied a claim by Magashule that the ANC will set up a task team to look into quantitative easing.