South Africa’s Kganyago Sues After SARB Battle Gets Personal

© Reuters.  South Africa’s Kganyago Sues After SARB Battle Gets Personal © Reuters. South Africa’s Kganyago Sues After SARB Battle Gets Personal

(Bloomberg) — Less than a week since vowed to go to war to protect the independence of the South African Reserve Bank, Governor Lesetja Kganyago has approached the courts to protect his name after a racial slur from a ruling party official.

Kganyago is suing Andile Lungisa, a municipal councilor for the African National Congress, for defamation for a posting on Twitter about the governor’s defense of the central bank’s mandate. Lungisa on Tuesday posted the first page of the summons that was served on him.

This is not the first time Kganyago has gone to the courts for resolve a dispute, but the previous occasion it was on behalf of the central bank.

He successfully fought off a proposal by the nation’s anti-graft ombudsman two years ago to change the institution’s inflation-targeting mandate. The nation’s top court found Public Protector Busisiwe Mkhwebane to be personally liable for 15% of the central bank’s legal costs in that case.

Lungisa’s series of Tweets in June began as support for the ANC’s proposal to nationalize the Reserve Bank, before targeting Kganyago. He described the governor as “a lackey of racist people” and used a highly offensive racial slur, according to the court documents.

Reserve Bank spokeswoman Thoraya Pandy confirmed the legal action when contacted by phone and said the matter was now in the hands of the court.

‘Trojan Horse’

The governor has said the debate about the ownership of the central bank is a distraction from the real problems facing the economy and that it could be used as “Trojan horse” for another attempt to change the mandate. He told reporters at a lunch in Johannesburg last week he would “go to war” if the constitutionally enshrined independence of the central bank is threatened.

The spat also highlights the racial tensions that still exist in South Africa 25 years after the end of white minority rule, and the extent to which race is often used as weapon in public discourse.

Lungisa is currently out on bail pending an appeal of a conviction for assault after he smashed a glass water jug over the head of a Democratic Alliance councilor during a meeting in the Nelson Mandela Bay municipality in 2016, Johannesburg-based Business Day reported on Tuesday. The newspaper first reported on the summons that was served on Lungisa.

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Golf: South Africa’s Lombard surges into halfway lead at Irish Open

(Reuters) – South Africa’s Zander Lombard carded a solid three-under-par 67 in the Irish Open second round on Friday to take a one-shot lead over England’s Eddie Pepperell.

Lombard, 24, who started the day a shot behind overnight leader Padraig Harrington following an opening 64, fired five birdies to go nine-under for the tournament at Lahinch Golf Club.

Pepperell also shot 67 while three-times major champion Harrington produced a disappointing 73 to slip down the leaderboard.

“I had to change a few things in my physique and how I swing the club so it’s nice to see the hard work coming off and what a better place to see it happen,” said Lombard, who made the weekend for the first time since March.

“I missed a few cuts coming into this week and it’s been three months of hard work… it’s been really good golf, solid, and I’m just really enjoying being at the top.”

Mexico’s Abraham Ancer, Spain’s Jorge Campillo and England’s Lee Westwood were tied for third at seven under.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

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