Odette Parfitt

Stubborn survivor of writer's block.

[Anzet du Plessis @Zetsaid]

Reminding myself and all of you who may find it useful that whatever you are fretting about right now will be long forgotten this time next year.

Make the best decision you can and move on. Life is too short, and you and I both know you actually already know what to do.

[Deneesha Pillay-Kops @deneeshapillay]

📲📸✍🏾

VACANCY: Two Online/Digital Reporters for The Herald/Weekend Post

[Prof Thuli Madonsela #KindnessBuilds @ThuliMadonsela3]

Let no adversity dictate your behavior for you are not a branch blowing in the wind but a magnificent product of divine design.

[Odette Parfitt @wordsbyodi]

Saddling up for #SocialLearnings training session with @reneemoodie

[Jean Greyling @JeanGreyling1]

Bay software firms making their mark https://t.co/HAJY9D4wjP via @MandelaUni

[Odette Parfitt @wordsbyodi]

"A modern economy is driven by fundamental sectors, but also by sentiment." - Kganyago @HeraldPE

[Odette Parfitt @wordsbyodi]

"There is a big country across the ocean, and its president likes Twitter - and when he posts on Twitter, the dollar reacts. That is the nature of global finance." - Kganyago @HeraldPE

[Odette Parfitt @wordsbyodi]

"Wealth is not determined by the minerals you have. Japan and Singapore have no minerals and they are among the richest countries in the world. The value of a currency is determined by the goods produced and whether other countries will buy it." - Kganyago @HeraldPE

[Odette Parfitt @wordsbyodi]

Speaking on the idea of nationalising the SARB, Kganyago said: "If it is nationalised, shareholders could argue government has expropriated their shareholding [and] take us to courts so they can be paid more. We don't see what value it would add [to nationalise]." @HeraldPE

[Odette Parfitt @wordsbyodi]

"You need a population that is skilled so it can add to meaningful economic activity with the skills that they have." - Kganyago @HeraldPE

[Odette Parfitt @wordsbyodi]

"The relationship between government and its banker is an interesting one. By law we cannot give an overdraft, so we become an agent of government in funding activities, so people who want to lend to government will come to the Reserve Bank." - Kganyago @HeraldPE

[Odette Parfitt @wordsbyodi]

"The focus of regulation is to protect the interest of depositors so you know if you put your money in the bank, somebody is watching." - Kganyago @HeraldPE

[Odette Parfitt @wordsbyodi]

"Without inflation people will hoard money, and if nobody wants to spend the economy slows down, and that is not good either. Zero inflation could actually halt economic activity." - Kganyago speaking to learners @HeraldPE

[Odette Parfitt @wordsbyodi]

"The countries that thrive are the ones that produce goods that other countries want to buy. Government doesn't create jobs, businesses create jobs, which means we must create businesses." - Kganyago @HeraldPE

[Odette Parfitt @wordsbyodi]

"Our job is to tackle inflation so we can protect the value of your currency. We are a monopoly by law; if you produce notes and coins, we will have you arrested." - Kganyago @HeraldPE

[Odette Parfitt @wordsbyodi]

"The world of central banking historically has had so many men. Women are not adequately represented. The SARB has only had one female governor. We employ more women than men and we have a programme to accelerate women rising within the bank." - Kganyago @HeraldPE

[Odette Parfitt @wordsbyodi]

"At the moment there is a fear that we have low growth and high unemployment, but inflation is not coming down. This poses a challenge for central bank around which aspect to focus on." - Kganyago @HeraldPE

[Odette Parfitt @wordsbyodi]

Answering a question from a learner about who owns the Reserve Bank, Kganyago says: "The Reserve Bank is a creature of the Constitution. It belongs to the people of South Africa." @HeraldPE

[Odette Parfitt @wordsbyodi]

Speaking to Bay learners, SARB governor Lesetja Kganyago says the bank does not consider cryptocurrency as a currency, as it doesn't fulfil criteria of official currencies. "The technology driving it can be useful [for other things] but it is not currency." @HeraldPE

[Odette Parfitt @wordsbyodi]

"Today is yet another step to bringing our people into that cooperation." - Phumulo Masualle @HeraldPE