Rate Cuts Won’t Cure South Africa’s Skills Shortage, Kganyago Says

Additional interest-rate cuts won’t resolve the real problems holding back the country’s economy, South Africa’s central bank governor said.

“No amount of quantitative easing or the reduction of interest rates would produce the kind of skills this economy needs,” Governor Lesetja Kganyago said in an interview with Business Day TV. “You do that through appropriate education policies.”