THEBE MABANGA
THE release of the Monetary Policy Review on Tuesday serves as yet another reminder of how the Monetary Policy Committee (MPC) of the South African Reserve Bank, as led and personified by Governor Lesetja Kganyago, is a body that will not speak to, or for, South Africa’s poor and unemployed.
Between the two MPC meetings in July and September, Kganyago gave public lectures to the Wits School of Governance as well as the University of Pretoria, as well as the Reserve Bank’s 100th Annual General Meeting (AGM).
In all these instances he had an opportunity to address how Monetary Policy can do in times of COVID-19.
In all these instances, he conveys the sense that it is now up to the MPC and other parts of government to implement reforms that will bring about the required growth to change the lives of the poor and unemployed.
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