Skip to content

South Africa’s ANC to Consider Expanded Central Bank Mandate

  • Party examining ways to reduce unemployment, boost inclusion
  • ANC is holding five-yearly conference to discuss policies

South Africa’s governing African National Congress plans to discuss expanding the central bank’s mandate to help deal with chronic unemployment and boost the inclusion of Black people in the financial sector, the party’s head of economic transformation said.

The ANC began a three-day conference on Friday to set its policy objectives for the next five years. Among the policies it will discuss is the progress made on a resolution the party set in 2017 calling for the nationalization of the central bank, Mmamoloko Kubayi said in an interview with the state broadcaster.