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S.Africa's Gigaba files court papers opposing public protector proposal to change cenbank mandate
July 6, 2017 / 4:58 PM / 3 months ago

S.Africa's Gigaba files court papers opposing public protector proposal to change cenbank mandate

JOHANNESBURG, July 6 (Reuters) - South Africa’s Finance Minister Malusi Gigaba on Thursday lodged court papers opposing a recommendation by the corruption watchdog that the central bank’s mandate be changed to focus on economic growth rather than inflation and protecting the currency.

The Reserve Bank has already filed a court challenge to quash the recommendation, which is also being opposed parliament and now officially by the Treasury.

Reporting by Mfuneko Toyana; Editing by James Macharia

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