The current Governor, Lesetja Kganyago, was appointed in 2014 and his appointment expires in November 2019.
His remaining period of service therefore outlasts the president’s which will end after a general election, which is likely to be called earlier in 2019.
The Reserve Bank will therefore be controlled by a safe pair of hands beyond the shelf life of the Zuma administration.
The escalating crisis facing South Africa raises a third important question: are there insufficient responsible people left in leadership positions in the ANC government to call Zuma to order when he holds the country to ransom?
It’s time for the reasonable voices in government to say that enough is enough, thus ensuring that the national purse remains in safe hands and is protected from looting.
All South Africans deserve a better future than the one currently mapped out by their president.
By Jannie Rossouw. This article is reproduced from The Conversation
Ed: Zimbabweans have been calling on Harare to adopt the South African rand. With the yoyo it played following the recall and later the firing of the Finance Minister is this the currency that Zimbabwe can really adopt?
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