Response to the Democratic Alliance

13 Feb 2014

The South African Reserve Bank (the SARB) refutes the claim by Democratic Alliance (DA) leader Helen Zille, that the SARB has modelled the DA's economic plan and confirmed its eight per cent growth projections (see eNCA report).

A discussion paper on the SARB's website examines areas of policy reform, which if implemented, could contribute to achieving eight percent growth. The paper makes no reference to the DA policies or its manifesto.

The SARB's Research department frequently posts such papers on its website. These are independent papers, which are peer reviewed and intended to foster thinking on various policy issues.

The blatant misrepresentation of the facts and the misuse of the SARB's name by Ms Zille, demonstrates a disregard of the independence and integrity of the SARB, which acts in the interest of all South Africans.

Note: The discussion paper was authored in 2012 and released by Economic Research Southern Africa in March 2013. To access the discussion paper click here

Statement issued by Hlengani Mathebula, Head: Group Strategy and Communications, South African Reserve Bank, February 13 2014

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