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Kganyago: Sarb will defend its independence

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Sarb deputy governor Lesetja Kganyago. (Lisa Hnatowicz)
Sarb deputy governor Lesetja Kganyago. (Lisa Hnatowicz)

Cape Town - Although South African Reserve Bank (Sarb) Sarb governor Lesetja Kganyago initially only chuckled when asked whether he or any of the members of Sarb's monetary policy committee (MPC) had been offered jobs by non-government entities, he did return to the matter later.

After its latest meeting, the MPC announced on Thursday that the repo rate will increase by 25 basis points to 7%. During question time at a media briefing after the announcement, a journalist raised the matter of job offers with Kganyago, clearly alluding to the current debacle surrounding offers allegedly made by President Jacob Zuma's close friends the Gupta family.

Initially, Kganyago approached the matter in a much more general way, stating that head hunters also call Sarb from time to time. Then he decided not to skirt the issue any longer, and said that no member of the MPC had approached him about receiving any "interesting job offers".

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