Wednesday, 15 January 2020 19:44

The ANC has warned finance minister Tito Mboweni not to make public comments about the party’s policy positions, specifically on the SA Reserve Bank.

This was after Mboweni, who is also an ANC national executive committee (NEC) member, tweeted that he believed the resolution to nationalise the Bank was a mistake.

“As a long-standing member of the ANC and its leadership structures, I know and understand our resolutions. I don’t need lectures on that. But on the SA Reserve Bank, I am convinced that we adopted a wrong resolution. What do we want to achieve? Our strategic focus: structural economic reforms,” he tweeted on Tuesday.


At the ANC’s 2017 Nasrec conference, the party resolved to nationalise the Bank, even though that would have no bearing on its mandate, which is enshrined in the constitution.

Members of the ANC have been divided over the resolution ever since, leading to a number of public spats.

Last year the SARB's mandate was brought into sharp focus when ANC secretary general Ace Magashule told journalists its national executive had resolved that its mandate would be expended beyond price stability to include growth and job creation.

During January 8 celebrations, President Cyril Ramaphosa reaffirmed the party's position on the role, mandate and independence of the SARB, saying that the government would undertake the process towards "full public ownership of the bank" in a manner and according to a time frame that was prudent and affordable and that did not benefit private shareholder speculators.


Meanwhile the ANC Veterans has issued a statement that they are appalled at the utterances of those who have couched a political assault on Pravin Gordhan with insincere concern over the crisis at Eskom," reads the statement, signed by 20 elders, including Wally Serote, Mavuso Msimang, Frank Chikane, Sydney Mufamadi, Cheryl Carolus and Aziz Pahad.