In another twist involving the public protector’s office‚ the Minister of Co-operative Governance an.
A CHANGE in the mandate of the South African Reserve Bank, allowing it to move away from inflation targets, could affect South Africa's sovereign ratings, Standard & Poor's said yesterday.
But the ratings agency said in a report that economic policies were unlikely to shift away from a previously prudent stance - a key risk to its ratings - despite the increased influence of more leftist leaders.
S&P said South Africa's flexible exchange rate and inflation target were the cornerstones of its current macroeconomic framework.
"Any major changes that we see as having a practical bearing on the South African Reserve Bank's role, and/or on its credibility in managing expectations, could be relevant to the sovereign credit rating, and would therefore be assessed," S&P said. - Reuters