Tag: Currency and Banking Act
Reserve Bank’s inflation of money supply makes us poorer and is...
The South African Reserve Bank (SARB), historically finding its expression in the Currency and Banking Act of 1920, is today premised on section 224(1) of the Constitution. Has the Reserve Bank been acting constitutionally since its legal foundation changed? Has it been protecting the value of the Rand in the interest of balanced and sustainable economic growth as required? How would the Reserve Bank meet its constitutional objective?
