Ideas

ANALYSIS: Tito’s Ace damage control is ‘not enough’ to save SA

The country’s economic titans have moved to counter the fallout over an ANC statement on the SA Reserve Bank (SARB), with finance minister Tito Mboweni slating “reckless statements” that undermine efforts to stabilise the economy.

Ranjeni Munusamy

Ranjeni Munusamy

Associate editor: analysis

Finance minister Tito Mboweni has hailed the government's economic support package as "one of the largest economic response packages in the developing world".
Finance minister Tito Mboweni has hailed the government's economic support package as "one of the largest economic response packages in the developing world". (Esa Alexander)

The country’s economic titans have moved to counter the fallout over an ANC statement on the SA Reserve Bank (SARB), with finance minister Tito Mboweni slating “reckless statements” that undermine efforts to stabilise the economy.

But, as the rand took a beating and the markets were spooked, analysts said that might not be enough – that it’s all up to the president.

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