Improved competitiveness needed in Africa- Mboweni

SOUTH AFRICA - Reserve Bank Governor Tito Mboweni says the world economy of the 21st century dictates that improved competitiveness is fundamental to overcoming the socio-economic problems facing Africa.

And to address this challenge BuaNews reported, African countries need to create the right conditions for high economic growth and they must also ensure that the achieved growth is equitably distributed to the poor.

Mr Mboweni was addressing black accountants at a Convention in Durban on Friday