South Africa
SARB's Mboweni on monetary policy and inflation
In a speech on 'Monetary policy and inflation: The next decade' given on 18 November, Tito Mboweni of the South African Reserve Bank said the recent major structural changes in the world and in South Africa will have little effect on the determination…
SARB's Mboweni on central banking in Africa
In a speech on 'The global economy and central banking in Africa' given on 9 November, Tito Mboweni of the South African Reserve Bank said the changes in the world economy in recent years have led to large improvements in central banking in Africa. At…
SARB, Monetary Policy Review, Nov 2004
The South African Reserve Bank has published its Monetary Policy Review for November 2004. Inflation has remained within the target range for the past 13 months. This outcome was achieved through responsible monetary and fiscal policies, improved…
S. Africa's Plenderleith on the gold market
In a speech on 'Developments in the gold market' given on 26 October, Ian Plenderleith of the South African Reserve Bank said with gold occupying such a powerful place in our emotions, I am confident that, provided we take advantage of the opportunities,…
SA's Mboweni on forex market developments
In a speech on 'Developments in the foreign exchange markets during the last couple of years' given on 20 September, Tito Mboweni of the South African Reserve Bank said various factors are in one way or the other responsible for the Rand's general…
SARB Financial Stability Review, September 2004
The South African Reserve Bank has published the September 2004 edition of its Financial Stability Review. In its latest bi-annual report the Reserve Bank says house price growth has been driven by "improved economic fundamentals".
Bomb threat at SARB
The South African Reserve Bank's head office received a telephoned bomb threat from an anonymous caller between 12 and 12.30 on Friday 17 September, but national payment systems and market operations were not affected.
SARB, Quarterly Bulletin, September 2004
Inflation pressures in the Southern African Development Community (SADC) region are expected to subside somewhat on account of sustained policy discipline and improved food-supply conditions in most parts of the subcontinent, the South African Reserve…
Plenderleith: Something normal from South Africa
In the speech 'Always something normal from South Africa' given on 17 August Ian Plenderleith of the South African Reserve Bank said we can, and will, continue gradually to build up our official foreign exchange reserves to a respectable level in an…
IMF's Rato to visit South Africa and Burkina Faso
Rodrigo de Rato, Managing Director of the International Monetary Fund, will travel to Johannesburg and Pretoria, South Africa on September 6-7, and Ouagadougou, Burkina Faso, September 8-9. This is Mr. de Rato's second trip to Africa since becoming…
South African economy shows upswing
South Africa's economy grew by 3.9 per cent in the second quarter of 2004, its best performance since the end of 2002, the official statistics agency reported on Tuesday 31 August.
South Africa's Mboweni on challenges in Africa
In a speech on 'Challenges of central banking in Africa' given on 5 August, T T Mboweni, Governor of the South African Reserve Bank, spoke about how the traditional challenges facing central banks apply to African countries, what effet circumstances…
SARB announces changes to its MPC
The composition of the South African Reserve Bank's Monetary Policy Committee has been changed to allow for two senior staff members of the SARB to become members. A.D. Mminele, Head of Financial Markets and Dr M. Mnyande, Head of Research and Senior…
South African Reserve Bank - Annual Report 2004
The South African Reserve Bank published its Annual Report for the year ended 2004 on 2 August. The SARB achieved success on many fronts during the past year. By far the most important achievement was the downward movement in the rate of inflation to…
South Africa celebrates democracy with new coin
The South African Reserve Bank said on 27 July it is issuing a special commemorative R2 coin, celebrating 10 years of democracy in South Africa.
SARB to issue bi-metal R5 coin
The South African Reserve Bank (SARB) launched a bi-metal R5 coin on 27 July. The new R5 coin will be in circulation from Monday, 2 August 2004. The coin has a bronze-coloured centre and a silver-coloured border.
Mboweni on economic developments & monetary policy
In a speech on 'Economic developments and monetary policy' given on 22 July, Tito Mboweni of the South African Reserve Bank said that the bank still believes that an inflation-targeting monetary policy framework allows an independent central bank to…
SARB's Mboweni reappointed for new term
Tito Mboweni, the South African Reserve Bank governor, says he will aim for lower inflation during his next term in office. Mboweni's contract was renewed for a further five years by President Thabo Mbeki on Friday 23 July.
Mboweni discusses his future with Mbeki
South African Reserve Bank governor Tito Mboweni is currently in discussions regarding his future at the SARB, a government spokesman said. Mboweni's current contract is due to expire at the end of next month.
SARB Bank Supervision Dep't Annual Report 2003
The South African Reserve Bank on 15 July published its Bank Supervision Department Annual Report for the year ended 2003. The year was somewhat less turbulent for the South African financial system and banking sector than the preceding two years, the…
SARB's Mboweni at the University of Pretoria
In a speech given on 8 July Tito Mboweni of the South African Reserve Bank emphasised that the bank has a vision of responsible and effective monetary policy formulation and continually strives to be an institution of excellence and innovation.
SARB's Marcus makes abrupt departure
Gill Marcus, deputy governor of the South African Reserve Bank, left her post on 30 June at the end of her five year contract, in a move local press reports described as unexpected.
S. African treasury and cb to co-ordinate policies
The South African treasury and the Reserve Bank have signed a memorandum of understanding to ensure there was no conflict between their different approaches to fiscal and monetary policies, Lesetja Kganyago, the new director-general of the treasury said…
SARB Financial Stability Review, March 2004
The South African Reserve Bank has published the first edition of its Financial Stability Review for March 2004. This explains some of the approaches used in both a quantitative analysis of the various financial-stability indicators and a qualitative…