President Cyril Ramaphosa should be very concerned that his own reassurances regarding the South African Reserve Bank (SARB) mandate was met with apparent skepticism by the currency markets, political analyst Daniel Silke told Fin24 on Friday. “What is really troubling for Ramaphosa today – other than the utter disunity on economic policy in his own ranks – is the fact that his own reassurances via the statement issued late Thursday was met with such skepticism in the currency markets,” said Silke. “The damage done by Ace Magashule’s statement on SARB has been such that it undermines the credibility of the highest officer bearer in SA – the president. Ramaphosa’s reassurances had virtually no effect on the currency markets. It shows a deep tear in SA’s credibility and markets are cutting us no slack.”