RESERVE BANK
South African Reserve Bank Governor Lesetja Kganyago defended its independence on Monday in the face of a recommendation by the country's main anti-graft watchdog agency that the central bank's mandate should be changed. Public Protector Busisiwe Mkhwebane set off a political row this month when she called for an overhaul of the bank's mandate - to focus on growth rather than inflation and the currency - rattling investors and hitting the rand hard.
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