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Assessing and promoting civil and minority rights in South Africa.

[Source: Moneyweb by Mike Cohen.]

South Africa’s ruling party has taken a decision to nationalise the central bank and it will be implemented, President Cyril Ramaphosa said.

“We have got to go through processes,” Ramaphosa told parliament in Cape Town on Thursday. “There is no hidden agenda.”

Ramaphosa’s comments come a day after he was scheduled to meet with Reserve Bank Governor Lesetja Kganyago in Cape Town. Kganyago on Wednesday emphasised the importance of central bank independence in a speech on a university campus.|

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South Africa at a Glance
57 700 000 (mid 2018 estimate)
4.5% y/y in March 2019 (CPI) & +6.2 y/y in March 2019 (PPI)
1.4% q/q (4th quarter of 2018)
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