South Africa
SARB's Mboweni on the South African economy
In a speech given on 25 October, Tito Mboweni of the South African Reserve Bank said the markets have been through some testing times, but we certainly have a come long way from the days of double digit inflation, and the rand being a one-way bet.
SADC economic integration timetable questioned
Southern Africa will be unable to realize its economic integration plans by 2012 if the current pace of implementation is not increased, a senior South African official warned on Monday 31 October.
SARB Financial Stability Review, September 2005
The South African Reserve Bank has published the September 2005 edition of its Financial Stability Review. In its latest report the SARB said the global financial system remained resilient during the first half of 2005, despite global economic growth…
SARB's Quarterly Bulletin, September 2005
The South African Reserve Bank has released its September 2005 Quarterly Bulletin. According to the latest Bulletin, global economic activity lost some of its earlier vigour in the first half of 2005, but still maintained a sturdy and probably more…
South Africa plans no change to inflation target
Treasury Director General Lesetja Kganyago has said South Africa has no plans to modify its inflation targeting framework to aim for the middle of the established three to six per cent target range.
Bank of Uganda signs foreign reserve software deal
The Bank of Uganda has become the third African central bank to adopt a financial technology solution from Trema, the company announced recently.
SARB's Mboweni on the Annual Economic Report 2005
The South African Reserve Bank published its Annual Economic Report 2005 on 24 August. In his address to the shareholders of the Bank, Tito Mboweni said he was pleased to be able to report on another successful year for the South African Reserve Bank…
Uganda upgrades foreign reserve management
The Bank of Uganda (BOU) plans to upgrade its foreign reserve management operations by installing a software system worth one million US dollars.
G20 will include IMF, World Bank reform talks
The agenda for October's meeting of the Group of 20 finance ministers and central bank chiefs will include reform of the IMF and World Bank, deputy finance minister Li Yong told the official Xinhua news agency.
SARB annual report
In remarking upon "another successful year for the South African Reserve Bank", Tito Mboweni, the governor, painted a rosy picture of the current state of the country's economy in delivering the SARB's 2005 annual report.
Mboweni downplays loan-to-Zimbabwe stories
Tito Mboweni, governor of the South African Reserve Bank (SARB), yesterday told journalists that the size of the loan to the Zimbabwean government that South Africa was considering was "nowhere near" the US$1 billion mark previously reported in the press.
Zimbabwe teeters on the edge of Fund exit
Zimbabwe's deteriorating economy means it faces the risk of expulsion from the IMF, as a team from the Fund arrived on August 22 ahead of the September meeting at which a decision will be made.
Comment: Governments eye foreign reserves
Two dimensions of official sector reserves receive a lot of attention in the press, in policy circles and from market analysts: foreign reserves held by central banks and public pension funds.
South Africa cuts dollar buying in July
Data released by the South African Reserve Bank (SARB) on Friday 5 August showed that it had lowered its dollar purchases in July.
SARB's Mboweni at G20 seminar on economic growth
In a speech given on 3 August Tito Mboweni of the South African Reserve Bank said the Reserve Bank has been making an important contribution to macroeconomic stability, creating a stable framework for growth.
G20 seminar on economic growth begins
The central banks of South Africa, Mexico and China are co-hosting a seminar in Pretoria to find ways of sustaining economic growth, particularly for the developing world.
SARB appoints new deputy governor
The President of South Africa, Thabo Mbeki, has appointed Dr Renosi Mokate as deputy governor of the South African Reserve Bank for a period of five years, effective from 1 August 2005.
SARB's Plenderleith on the Annual Report
In a speech given on 25 July Ian Plenderleith of the SARB said it remains a focus for the Bank to ensure public confidence in the South African currency. Hence a new bi-metal R5 coin was introduced in August 2004 in response to the counterfeiting threat…
SARB's Mboweni on the South African economy
In a speech given on 18 July, Tito Mboweni of the South African Reserve Bank said the path of the rand, although volatile during some periods, has remained relatively stable over the past couple of months.
SARB's Mboweni on a land of hope and opportunity
In the speech 'South Africa: A land of hope and opportunity' given on 22 June, Tito Mboweni of the South African Reserve Bank said central bank governors have to demonstrate at all times their commitment to the independence of central banks from…
SARB's Guma on the outlook for monetary policy
In the speech 'The outlook for monetary policy' given on 22 June, Dr XP Guma of the South African Reserve Bank said as the formulator and transmitter of monetary policy the central bank needs to communicate its basic objectives, its strategy for…
SARB announces successful loan syndication
Tito Mboweni, governor of the South African Reserve Bank, issued a statement on Monday 18 July following the announcement of the successful syndication of the SARB's US$1,5 billion Dual-Tranche Syndicated Term Loan Facility.
Mboweni says SADC can learn from EU
South African Reserve Bank governor Tito Mboweni has said much can be learned from the European Union as the South African Development Community (SADC) attempts to create a single monetary union for the region by 2016.
SARB Bank Supervision Annual Report 2004
The South African Reserve Bank published its Bank Supervision Department Annual Report 2004 on 28 June. During 2004, the South African banking system remained stable and, in general, banks were sound, the report said.