Finance Minister Enoch Godongwana will not be meeting with Reserve Bank
Finance Minister Enoch Godongwana says he is not talking to the Reserve Bank about ways to address the rising cost of living.
Talking to Bloomberg TV in India, he said the central bank, by constitution, is independent. His remarks follow a call by the ANC’s NEC for Godongwana to urgently speak to Governor Lesetja Kganyago, to consider other options rather than continuing with interest rate hikes.
The bank announces its latest rate decision this week, after hiking rates 10 times consecutively since November 2021.
Source: eNCA
In other news – Khosi Twala Set to Host a Nigerian Award Event In SA
Khosi Twala will be hosting The Nigerian Community Excellence Awards. The event holds in South Africa, and the BBTitans winner is excited over the opportunity.
It gives me such great pleasure to announce that I’ll be hosting the most prestigious Nigerian event in South Africa, The Nigerian Community Excellence Awards @nceaward. I am truly honored to be the chosen one to continue the legacy of uniting South Africa and Nigeria ,” she wrote. Learn more
