The week in review

In a Business Day webinar on Thursday in the build up to celebrating the 100th anniversary of the SARB, 25 years of central bank independence and 21 years of inflation targeting, Reserve Bank Governor Lesetja Kganyago was in fine form, signalling that multi-decade low interest rates are unlikely to change as inflation remains under control and the Bank nurses an economy that shrank 7% in 2020. While also pointing the finger at government to lower the cost of capital by reining in debt. In a week where former deputy governor of the Reserve Bank Daniel Mminele CEO of ABSA parted ways with the board under a cloud of curios unanswered questions and, Tokyo Sexwale accusing the bank of being conspiracy to what can only seriously be considered to be a Nigerian 419 scam, there’s just never a dull moment. Michael Avery is joined by Warwick Lucas Chief Investment Officer at Galileo Asset Managers, & Raymond Parsons, professor in the School of Business and Governance at North West University.