S. Africa's Ramaphosa Has 'Full Confidence' in SARB Governor Kganyago

The transcript covers a discussion with the central bank governor about managing economic risks, particularly focusing on power shortages and the role of Eskom. It highlights the balance between maintaining growth and credit ratings, the importance of investment and economic renewal, and the independence of the Central Bank. The conversation also touches on leadership stability within the Central Bank and its impact on financial markets.

What is one of the main strategies discussed to manage downside risks to growth?

• Increasing taxes

• Deepening dialogue with stakeholders

• Reducing government spending

• Expanding the workforce

What is a key focus in addressing the challenges faced by Eskom?

• Building new power plants

• Increasing electricity prices

• Improving management and governance

• Hiring more employees

How does the government plan to maintain its investment-grade credit rating?

• By increasing exports

• By cutting public sector jobs

• By reducing foreign investments

• By addressing state-owned enterprise challenges

What has been the investor response to South Africa's economic reforms?

• Indifference

• Skepticism

• Negative feedback

• Positive reception

What is the stance on the independence of the Central Bank?

• It should be controlled by the Ministry of Finance

• It should be limited

• It is sacrosanct and must be respected

• It should be abolished

What is the role of the Central Bank governor in the current economic climate?

• To control fiscal policy

• To maintain stability amidst political volatility

• To increase interest rates

• To reduce inflation

How does the Central Bank balance monetary policy with fiscal policy?

• By setting high interest rates

• By focusing solely on inflation

• By collaborating with the Ministry of Finance

• By ignoring fiscal policy