Johannesburg - Finance Minister Tito Mboweni and SA Reserve Bank (SARB) governor Lesetja Kganyago on Thursday reaffirmed the independence of the central bank and that the National Treasury communicates when necessary on fiscal and economic policy.
This as there have been mixed messages about the ruling party's conference resolutions and the expansion of its mandate beyond price stability to include growth and employment.
Mboweni and Kganyago met on Thursday afternoon as they routinely do, in line with section 224 (2) of the Constitution.
In a joint statement, they said that the effective coordination of fiscal and monetary policy was a central pillar of good macroeconomic management and policy certainty.
They said such coordination reduced any potential or unnecessary uncertainty around the formulation, decision making and implementation of the macroeconomic policy framework.