SARB Governor Kganyago assures economic stability ahead of May elections

In an interview with Bloomberg, South African Reserve Bank Governor Lesetja Kganyago assured stability as he discussed the insulation of the bank from political fluctuations ahead of the imminent elections. Reappointed for a new term, Kganyago emphasized the central bank's focus on technical decisions, amidst South Africa's challenging economic backdrop marked by a weakening rand and inflation concerns. The upcoming election could reshape the political landscape, possibly forcing the ruling ANC into unprecedented coalition scenarios.

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By Matthew Hill and Alister Bull

South African Reserve Bank Governor Lesetja Kganyago said uncertainty about the country's political outlook will be resolved by next month's election, while questions on what it means for the central bank have already been answered.

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