I have said much about how the Fourth Industrial Revolution could be changing the world of work and the implications that it might have for central banking, from monetary policy to financial stability, currency operations and payment systems.
But central bank independence never meant that the SARB would have completely free reign; neither did it mean lack of accountability. As indicated in Article 224 of the Constitution, which I have just quoted, there has to be (and there is) regular consultation between the SARB and National Treasury.