{"id":7876,"date":"2012-02-11T01:56:44","date_gmt":"2012-02-10T23:56:44","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/update-1-s-africas-zuma-to-make-important-announcement\/"},"modified":"2012-02-11T01:56:44","modified_gmt":"2012-02-10T23:56:44","slug":"update-1-s-africas-zuma-to-make-important-announcement","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-s-africas-zuma-to-make-important-announcement\/","title":{"rendered":"UPDATE 1-S.Africa&#8217;s Zuma to make &quot;important&quot; announcement"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Adds background, comment)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Feb 10 (Reuters) &#8211; South African<br \/>\nPresident Jacob Zuma will make an announcement &#8220;of national<br \/>\nimportance&#8221; on Saturday at 1300 GMT, with Finance Minister<br \/>\nPravin Gordhan and Reserve Bank Governor Gill Marcus, a central<br \/>\nbank statement said on Friday.<\/p>\n<p><span><\/span><\/p>\n<p>The brief statement on the central bank&#8217;s website gave no<br \/>\nfurther details, although a government source said the<br \/>\nannouncement was not related to any appointments.<\/p>\n<p><span><\/span><\/p>\n<p>It will come just two days after Zuma&#8217;s 2012 State of the<br \/>\nNation address in which he pledged increased infrastructure<br \/>\nspending to quicken job creation.<\/p>\n<p><span><\/span><\/p>\n<p>The last time the Presidency called an emergency briefing<br \/>\nwas to announce the departure of Lesetja Kganyago as head of the<br \/>\nNational Treasury to take up the position of deputy governor at<br \/>\nthe Reserve Bank.<\/p>\n<p><span><\/span><\/p>\n<p>The statement had South African traders and analysts<br \/>\nscratching their heads.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Nobody knows what it is,&#8221; said an economist at one major<br \/>\ninternational bank. &#8220;If it was about inflation targeting or<br \/>\nsomething like that you would expect it to be in the budget,<br \/>\nwhich is only two weeks&#8217; time.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The Reserve Bank, which is currently under private<br \/>\nownership, has grappled with shareholders it accuses of pursuing<br \/>\na personal agenda to make profit at the expense of the national<br \/>\ninterest.<\/p>\n<p><span><\/span><\/p>\n<p>The government said in 2010 it would amend the Reserve Bank<br \/>\nAct to tighten rules on its shareholding and would undertake a<br \/>\nwider review that could change it to public ownership.\t<\/p>\n<p> (Reporting by Phumza Macanda; Editing by Ed Cropley)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Adds background, comment) JOHANNESBURG Feb 10 (Reuters) &#8211; South African President Jacob Zuma will make an announcement &#8220;of national importance&#8221; on Saturday at 1300 GMT, with Finance Minister Pravin Gordhan and Reserve Bank Governor Gill Marcus, a central bank statement said on Friday. The brief statement on the central bank&#8217;s website gave no further details, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-7876","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7876","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=7876"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7876\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}