June 20, 2017 / 8:40 AM / a month ago

S.Africa bank group urges parliament to defend central bank's independence

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JOHANNESBURG, June 20 (Reuters) - The Banking Association South Africa on Tuesday urged the country's parliament to "confirm the independence" of the central bank after an anti-graft watchdog recommended its mandate of maintaining currency and price stability be changed.

"We must do everything in our power not to cast doubt on a system that has served our country very well during difficult times, including the global financial crisis," the industry group said in a statement.

Reporting by Mfuneko Toyana; Writing by Ed Stoddard; Editing by James Macharia

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