Release spectrum to help the South African economy - Reserve Bank

Bradley Prior

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Release spectrum to help the South African economy - Reserve Bank

Removing policy uncertainty in South Africa, allocating new broadband spectrum and changing visa regulations could immediately boost the country’s flagging economy and reduce the crisis-level unemployment rate, Reserve Bank Deputy Governor Kuben Naidoo said.

While the central bank has long called on government for structural reforms to lift economic growth, its senior leaders have until now been reluctant to flag specific changes that could be made and have simply said these fall beyond the scope of monetary policy and the inflation-targeting mandate. [Bloomberg]
 
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