South Africa: An Economic Policy Squabble Goes Public

In what amounted to a ruling party debate about government financial policy that was aired in public, South African Finance Minister Tito Mboweni on June 5 denied that the government will broaden the mandate of the South African Reserve Bank to allow it to tackle the country's economic growth and unemployment problems, Reuters reported. Mboweni's statement directly contradicted an earlier comment by Ace Magashule, the powerful secretary general of the African National Congress, about expanding the central bank's role in managing the country's ailing economy....