Time to rethink BoB�s mandate?
Thursday, July 13, 2017
Outraged economists, bankers and other monetary policy experts reacted strongly to the Public Protector’s recommendations, with several lawsuits being filed amidst reports of fixed capital flight and rand erosion in that country.
That dust-storm aside, the goings-on in South Africa echo a similar debate in the local economy a few years ago that was effectively muted by the then leadership of the Bank of Botswana (BoB).
It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...