For those who see conspiracy in the steep plunge in the value of the rand against the US dollar, the graph below showing the decline of the Australian dollar can only mean a similar conspiracy against the Australian currency. If you don’t believe in conspiracies — which is not the same as acknowledging that traders […]
Reserve Bank
Posted inBusiness, Equality, News/Politics
Two sides of a racist coin: White privilege and cadre deployment
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 […]
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 […]