The appointment of Lesetja Kganyago as governor of the South African Reserve Bank provides an excellent opportunity to examine both cadre deployment and white privilege. Race reductionists from both side of the racial divide confirmed the inherent problems with their thinking when the announcement was made: the white privileged types who bemoaned another cadre deployment […]
Lesetja Kganyago
Posted inBusiness, General, News/Politics
Is it time to nationalise the Reserve Bank?
Every time the Monetary Policy Committee announces interest rate cuts, unions and some sectors of the population immediately jump up calling for the “nationalisation” of the Reserve Bank. One wonders if they do actually have a point. The recent appointment of Lesetja Kganyago as the Reserve Bank governor-designate has re-ignited the debate. During my studies […]