SARB's Kganyago Says Bank Will Defend Independence

The transcript discusses the challenges faced by the South African Reserve Bank regarding its independence and mandate. The public prosecutor suggested a new socio-economic mandate, which the Reserve Bank opposes, emphasizing its constitutional independence. The discussion covers the importance of maintaining the inflation mandate, the burden on the Reserve Bank amidst political turmoil, and the potential impact on credit ratings. The Reserve Bank remains committed to its role, despite pressures and debates on its mandate.

How does the governor view the role of central banks in the current political environment?

What is the significance of restoring business and consumer confidence in South Africa?

What challenges does the South African Reserve Bank face in maintaining its independence?