Economics

South Africa Central Bank Head Urges Action on Reforms

Existing economic plan should be implemented, Kganyago says
Central bank’s response to virus was ‘speedy, aggressive’

Lesetja Kganyago
Photographer: Gem Atkinson/Bloomberg

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By Prinesha Naidoo

August 19, 2020 at 10:41 AM UTC

Updated on

August 19, 2020 at 2:04 PM UTC

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South Africa should implement its National Development Plan rather than draft a new strategy to revive an economy forecast to contract the most in almost nine decades, according to Reserve Bank Governor Lesetja Kganyago.