SARB Governor Kganyago Says Political Turmoil ‘Not Helping Rand’

  • Federal Reserve rate hike could cause repricing of assets
  • Kganyago holds no concern about central bank’s independence

Political turmoil stemming from the dispute between Finance Minister Pravin Gordhan and a police unit is creating uncertainty, which “isn’t helping the rand,” South African Reserve Bank Governor Lesetja Kganyago said.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.