South Africa’s ANC says central bank should broaden economic focus

South Africa’s ANC says central bank should broaden economic focus© firstpost.com

South Africa’s ANC says central bank should broaden economic focus

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DURBAN/JOHANNESBURG (Reuters) - South Africa's ruling party said on Saturday the central bank should broaden its focus to include boosting employment and economic growth, a move that will worry investors already concerned about the direction of economic policy.

The African National Congress (ANC), which has governed South Africa since the end of apartheid in 1994 but has seen its majority wane, is trying to woo voters in the lead-up to a parliamentary election expected to take place in May.