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 yesterday, according to Business Report.

This emerged during a briefing of parliament's two finance committees and the tabling of the treasury's strategic plan for 2004 to 2007. Committee members had expressed concern that there might be a

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