BusinessLive reports that the National Education, Health and Allied Workers’ Union (Nehawu), Cosatu’s biggest affiliate, has thrown its weight behind calls to nationalise the SA Reserve Bank (SARB.  

On Wednesday, the union lashed out at ANC leaders engaging in “embarrassing public spats” about implementation of the party’s resolutions.  Nehawu president Mzwandile Makwayiba also characterised finance minister Tito Mboweni and the ANC’s head of economic policy Enoch Godongwana as “enemies of the working class” for their stance on the bank.  Makwayiba was giving the opening address at Nehawu national policy conference.  He told delegates:  “This conference must tell us to find a way to call to order the leadership of our movement.  What is wrong about changing the mandate of the Reserve Bank to create jobs for our people?  If the ANC resolution says we must nationalise the Reserve Bank, then let that be.”  President Cyril Ramaphosa was recently forced to refute ANC secretary-general Ace Magashule’s comments that the party lekgotla had decided that the bank’s mandate be expanded beyond price stability and include growth and employment.  On Wednesday, Makwayiba called for the bank to be nationalised and for all the commanding heights of the economy to fall under state control so as to address SA’s socio-economic problems.  Tripartite alliance leaders from the ANC, SACP and Cosatu are expected to address the Nehawu conference.

• Read the full original of Luyolo Mkentane’s report in the above regard at BusinessLive

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