”There can be nothing further away from the truth than the claims of the Reserve Bank and it seems all the professors in economics and economists in the country and even in the world, according to Fanie Brink, an independent agricultural economist.

Following President Cyril Ramaphosa clarification of his intentions to nationalise the South African Reserve Bank (SARB), the Mail & Guardian Data Desk decided to take a closer look at the current ownership.

National Automobile Dealers’ Association (NADA) chairperson Mark Dommisse is calling on the Reserve Bank to lower interest rates this month – should inflation allow – in an attempt to assist the retail market.

Fanie Brink -  Onafhanklike Landbou-ekonoom-  Afrikaans and English - INTEREST RATES BIGGEST DELUSION IN ECONOMY.

The claims made by various circles over the past week that the possible changes in the Reserve Bank's lending rate can control the inflation rate, protect the exchange rate and create economic growth, is neither correct nor true," says Fanie Brink, an independent agricultural economist.

The government needs to support all enterprises in its Covid-19 relief funding, regardless of the race, finance minister Tito Mboweni said on Tuesday.

“Agricultural and mining producers in the primary sector of the economy cannot "pass costs increases on to consumers" as the producer prices in these industries are purely determined by the operation of the market forces of supply and demand in the local and international markets,” says Fanie Brink, an independent agricultural economist.

The bi-monthly, three-day meeting of the SA Reserve Bank’s (SARB’s) Monetary Policy Committee (MPC) will end on Thursday with a 25 basis-point hike in its repo rate, which will take the prime lending rate to 7.5%.

The South African Reserve Bank (Sarb) implemented the inflation target policy in 2000. An inflation target band of 3% to 6% was selected, and this target was based on what the Sarb thought at that time was an appropriate level of inflation to allow economic growth.