The South African Reserve Bank’s mandate is price and financial stability. It has the tools to identify, analyse and manage these risks, including those linked to climate change.
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Central banking was given to technocrats whose job is to make the difficult decisions. But there are parameters. And within these, central bankers must act independently, without fear or favour.
The debate about the mandate of the South African Reserve Bank must be located within a clearly articulated political vision and social compact on the kind of society South Africans aspire to.
There’s an assumption that a change of ownership would automatically mean a change in the role the Bank plays
Top contributors
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Pro Vice-Chancellor, Climate, Sustainability and Inequality and Director, Southern Centre for Inequality Studies, University of the Witwatersrand
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Visiting Professor at the Business School, University of the Witwatersrand
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Wits School of Governance's Chair in Public Governance, University of the Witwatersrand
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Distinguished Professor and Derek Schrier and Cecily Cameron Chair in Development Economics, School of Economics and Business Sciences, University of the Witwatersrand
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Professor: International Business & Strategy, Wits Business School, University of the Witwatersrand
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Professor/Senior Research Fellow, Centre for Advancement of Scholarship, University of Pretoria