Lesetja Kganyago: SARB's accountability and governance of its monetary policy decision-making processes

Address by Mr Lesetja Kganyago, Governor of the South African Reserve Bank, at the SANEF Nat Nakasa Awards Ceremony, Durban, 10 June 2017.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Good evening, ladies and gentlemen.

Thank you to SANEF, the South African National Editors Forum, for the invitation to address you this evening. 

As we all know, South Africa is going through a turbulent period at the moment - and this puts an enormous responsibility on the press to report on and interpret events in an open and balanced way. South Africa has a long tradition of journalists, such as Nat Nakasa, fighting for and trying to preserve media freedom, particularly during the era when the freedom of the press was an anathema. It is a testament to the resilience of our institutions that the country's post-1994 new-found press freedom endures till today, despite noises from some quarters trying to undermine it. I salute all those of you who have carried on this tradition and have been nominated for the award tonight.