File photo: Bongani Shilubane/African News Agency (ANA).
File photo: Bongani Shilubane/African News Agency (ANA).

Enoch Godongwana backs Ramaphosa's statement on Reserve Bank mandate

By Siyabonga Mkhwanazi Time of article published Jun 7, 2019

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The fight on the mandate of the South African Reserve Bank continued on Friday with the ANC's head of economic transformation Enoch Godongwana backing President Cyril Ramaphosa's statement on the central bank's mandate.

This was after former head of generation at Eskom Matshela Koko claimed in a tweet that Ramaphosa had contradicted the ANC’s Nasrec resolution in December 2017.

This resulted in an exchange on social media on Friday where Godongwana maintained Ramaphosa was correct in his statement.

Godongwana said he wrote that resolution, and it never stated that the mandate of the SARB be changed.

“Fact. The statement was issued by the President on behalf of the Top 6. Magashule is part of the Top 6. I wrote the resolution. The resolution does not say we must change the mandate of the Reserve Bank,” said Godongwana.

The latest exchange comes after ANC secretary-general Ace Magashule on Thursday posted and quickly deleted a tweet seemingly contradicting Ramaphosa’s statement issued moments earlier.

Ramaphosa had issued a statement saying the mandate of the SARB will not be changed.

He said this followed a meeting of the top six earlier on Thursday to discuss the matter.

Political Bureau

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