Kaya 959 Kaya Biz

DR THANTI MTHANTI, SENIOR LECTURER AT THE WITS UNIVERSITY'S GRADUATE SCHOOL OF BUSINESS ADMINISTRATION

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On Tuesday, ANC secretary general Ace Magashule sent a jolt through financial markets across the world with two words: quantitative easing. In a press briefing following the National Executive Committee’s latest Lekgotla, he said the ANC had decided that the South African Reserve Bank’s mandate should be expanded.
The rand, which was just stabilising after the shock news that the SA economy shrank by more than 3% in the second quarter, immediately started falling again.
5 Jun 2019 12PM English South Africa Business News · Investing

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