Rethinking the SARB Mandate for Inclusive Growth

The Institute for Economic Justice (IEJ) submitted recommendations to Parliament’s Joint Constitutional Review Committee advocating for the reform of the South African Reserve Bank's (SARB) mandate to align monetary policy with developmental goals, including employment and green industrialisation.

• The IEJ argues that the SARB's current focus on inflation targeting is too narrow and has hindered sustainable growth by using high interest rates that limit economic demand and investment, failing to address inflation caused by external factors like climate change and volatile food and oil prices.
• The IEJ recommends expanding the SARB's mandate to include poverty reduction, employment, and green structural transformation, moving toward a dual mandate that balances price stability with developmental outcomes and climate-resilient growth.
• The document calls for stronger coordination between the SARB and the Minister of Finance to ensure fiscal and monetary policy synergy, specifically to finance a just transition to a low-carbon economy.

APA

iej_admin (2025). Rethinking the SARB Mandate for Inclusive Growth. Institute for Economic Justice. https://iej.org.za/resource/submission/submission-sarb-mandate-reform/

Chicago

iej_admin. Rethinking the SARB Mandate for Inclusive Growth. Institute for Economic Justice, 2025. https://iej.org.za/resource/submission/submission-sarb-mandate-reform/.

Wikipedia

{{cite press release |last1=iej_admin |title=Rethinking the SARB Mandate for Inclusive Growth |publisher=Institute for Economic Justice |date=31 May 2025 |url=https://iej.org.za/resource/submission/submission-sarb-mandate-reform/ |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@misc{iejadmin2025rethinking, author = {iej\_admin}, title = {{Rethinking the SARB Mandate for Inclusive Growth}}, publisher = {Institute for Economic Justice}, year = {2025}, month = may, url = {https://iej.org.za/resource/submission/submission-sarb-mandate-reform/}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }