South African President Cyril Ramaphosa has “strongly reprimanded” his finance minister for challenging the Zambian leader to explain his decision to sack that country’s central bank governor, the presidency said Monday.
In a surprise move, Zambian President Edgar Lungu on Saturday fired his respected central bank governor Denny Kalyalya.
No reason was given for the removal of the governor, who is credited with bringing stability to the economy.
South Africa’s Finance Minister Tito Mboweni reacted angrily, demanding an explanation.
“Presidents in Africa must stop this nonsense of waking up in the morning and fire a Central Bank Governor! You cannot do that. This is not some fiefdoms of yours! Your personal property?! No!” tweeted Mboweni on Saturday.
“That Governor was a good fella. Why do we do these things as Africans. The President of Zambia must give us the reasons why he dismissed the Governor – or else hell is on its way. I will mobilize!”
On Sunday he wrote that his tweets had landed him in hot water, but vowed to not give up.
“Looks like I am in trouble about my statement on the dismissal of the Bank of Zambia Governor! I stand by my statement. Central Bank independence is key. Not negotiable. Let all central bankers speak out!”
He has since deleted the tweets.
A statement from the South African presidency said Ramaphosa assured the Zambian government that the minister’s “unfortunate remarks do not reflect the views of the South African government”.
It said the “issue is being addressed to ensure that such an incident does not occur again”.
A former World Bank executive director, Kalyalya’s tenure was due to end in 2023.
He was replaced by a deputy secretary to the cabinet, Christopher Mvunga.
