Ramaphosa breaks silence on public spat

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President Cyril Ramaphosa yesterday broke his silence about the public spat over the role of the South African Reserve Bank, saying its mandate has not been expanded.

According to a statement issued by President Ramaphosa in his capacity as ANC president, the ANC top six officials met yesterday following contradicting public statements by some of its senior officials.

This comes after ANC secretary-general Ace Magashule announced during a media briefing on Tuesday that the ANC NEC lekgotla had resolved to “expand the mandate” of the central bank.

President Ramaphosa said the officials resolved at yesterday’s meeting that the policy of the governing party on the central bank “has not changed”.

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