Open letter condemns public protector’s Sarb comments
Mkhwebane’s comments pose “grave threat” to South Africa’s economy
Suggestions by the public protector of South Africa on altering the South African Reserve Bank’s (Sarb’s) mandate represent a “grave threat” to the economy, according to an open letter signed by a group of academics and economists.
Entitled ‘Hands off the Sarb’, the letter scolds Busisiwe Mkhwebane for comments made in a report a fortnight ago. The public protector urged authorities to remove the central bank’s mandate to protect the value of the currency and add a new target based on the
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