Central bank governor: South Africa spends too much time on populism

JOHANNESBURG: South Africa spends too much time debating populist issues such as the proposed nationalisation of the central bank, instead of focusing on steps to boost the economy, Reserve Bank governor Lesetja Kganyago said.

“We have spent too much of the year indulging in populism instead of making pragmatic choices,” Kganyago said in in the foreword to the central bank’s Monetary Policy Review released Monday in the capital, Pretoria.