South African Reserve Bank Keen on Maintaining Independence Credibility while Economic Situation in the Short-Term Worsens

Posted on 05/03/2020


In April 2020, South African President Cyril Ramaphosa announced a record 500 billion rand rescue package to deal with the Wuhan coronavirus pandemic effects. This amount equals 10% of the country’s gross domestic product. There is debate on where that money will come from. The most-industrialized nation in sub-Saharan Africa is also in the midst […]

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