South African parliament opposes calls to change central bank mandate


  • World
  • Friday, 23 Jun 2017

JOHANNESBURG (Reuters) - The South African parliament will launch a court challenge against an anti-graft watchdog's recommendation of constitutional changes to alter the mandate of the central bank, it said.

The legislative assembly joined the central bank and lender Barclays Africa in seeking a court review of Public Protector Busi Mkhwebane's proposal to change the central bank's primary mandate of maintaining currency and price stability to focus on economic growth.

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