ANC President Jacob Zuma and Deputy President Cyril Ramaphosa speaking on the first day of the ANC 5th national policy conference held in Nasrec, Johannesburg. File picture: Simphiwe Mbokazi/African News Agency (ANA).

Johannesburg - Former president Jacob Zuma took to Twitter on Thursday night to remind the ANC about its conference resolutions in relation with the debate surrounding the South African Reserve Bank. 

Senior ANC leaders had been embroiled in a public spat following the party’s lekgotla at the weekend. 

ANC secretary-general Ace Magashule had told journalists during a media briefing on Tuesday that the ANC had resolved that the central bank’s mandate should be expanded beyond price stability, to also include growth and employment. 

The ANC’s head of economic transformation, Enoch Godongwana, accused Magashule of misrepresenting the outcomes of the NEC lekgotla and said no resolution had been taken.

By Thursday afternoon, President Cyril Ramaphosa released a statement through the party’s presidential office and said the mandate of the reserve bank remained unchanged. 

Ramaphosa said it was the party’s desire for the reserve bank to be publicly owned, but he said this would not be happening immediately. 

“We recognize that this will come at a cost, which given our current economic and fiscal situation, is simply not prudent,” said Ramaphosa. 

Magashule appeared to tweet his own statement from earlier in the week in protest, but this was soon deleted and labeled as a ‘fake tweet’. The secretary-general then tweeted Ramaphosa’s statement and added “all ANC members who love tweeting and expressing themselves are to adhere to this line of march”.


About an hour after Magashule tweeted, Zuma followed and quashed at the notion of policy uncertainty. 

“Is there policy uncertainty? Here is a reminder of one of the resolutions of the last ANC elective conference in Nasrec,” Zuma tweeted, adding a picture of the party’s resolution on the issue of the South African Reserve Bank.


On Twitter, some agreed with Zuma, but others questioned why Zuma had not acted on the resolution as it had only been reaffirmed at Nasrec.

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