‘Open your brain first before opening your mouth,’ says Mboweni to Masina

Following a 702 headline stating that finance minister Tito Mboewni is set to introduce a bill paving the way for the creation of a state-owned bank in competition with private sector retail and commercial banks, Mboweni and the executive mayor of the city of Ekurhuleni, Mzwandile Masina, got into a heated debate over nationalisation.

The ANC Ekurhuleni regional chairperson followed up his retweet of the article with a comment on the idea of nationalising the Reserve Bank (SARB) and the bank’s governor, Lesetja Kganyago, who has been a vocal opponent of the calls for the SARB to be nationalised.

Mboweni responded to Masina’s sentiments by calling his views misguided while reiterating his respect for the young mayor.

He went on to share an idiom with the mayor which he dubbed the Mboweni Idiom.

After having been accused of speaking without knowing what the Reserve Bank does, Masina returned to Twitter to respond to Mboweni. But, instead of tagging him and using his handle as most people do in a Twitter interaction, Masina opted to respond by using the hashtag #MboweniIdiom.

We wonder if this exchange will continue at the NEC meeting.

ALSO READ: Get wise, don’t nationalise, says Kganyago

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