Many hurdles before one African currency - Mboweni

SOUTH AFRICA - Many hurdles would have to be overcome before the newly-formed African Union (AU) could form a single currency for the continent, South African Reserve Bank Governor Tito Mboweni said on Thursday.

Addressing the Cape Town Press Club, he also said it was time top South African executives' remuneration packages were "put on the table".

The AU was formed in Durban earlier this month to replace the Organisation of African Unity (OAU).

Among its aims is the formation of a Pan African P