June 6, 2019 / 2:43 PM / 4 months ago

South Africa's ANC: Policy on central bank role has not changed

JOHANNESBURG, June 6 (Reuters) - South Africa’s African National Congress (ANC) said on Thursday that its policy on the role and independence of the central bank had not changed, following a public spat between senior party officials over the bank’s mandate.

The ANC said in a statement that there had been a meeting of senior ANC officials on Thursday at the ANC’s headquarters in Johannesburg to discuss the country’s economic priorities.

“The Officials emphasised the policy positions of the ANC on the independence and role of the South African Reserve Bank as set out in the Constitution,” the statement read, adding that the spat between its officials had undermined investor confidence.

Reporting by Alexander Winning, Editing by William Maclean

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