PRESS DIGEST- Wall Street Journal - Jan 13

Reuters

South Africa’s ANC alludes to greater central bank jobs focus

South Africa’s African National Congress (ANC) alluded to a greater focus on job creation by the country’s central bank in resolutions from its recent national conference, but stopped short of calling for its mandate to be changed. ANC officials have for years toyed with the idea of broadening the central bank’s mandate as the governing party has struggled to lower the unemployment rate, which officially stands at 33% and is among the world’s highest. The resolutions on economic transformation seen by Reuters on Friday said the South African Reserve Bank (SARB) should implement monetary policy “in a balanced manner, taking into account growth, employment and exchange rate factors”.