Mboweni on the World Cup and the SA economy

In the speech 'The benefits of being a good host - the FIFA World Cup and the South African economy' given on 20 March Tito Mboweni of the SARB said South Africa's current account deficit widened sharply in the fourth quarter of 2006 and the central bank will continue to monitor the shortfall and possible currency depreciation.

But he stressed that the deterioration could be put down to an exceptional rise in oil imports towards the end of last year and urged the market not to draw "inappropriate

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