SA's Mboweni unconcerned about rand

The governor of the South African Reserve Bank, Tito Mboweni, is unperturbed by the level of the rand, but remains worried about rising debt levels and rampant consumer spending.

Speaking at an annual dinner in honour of South Africa's ambassadors and high commissioners in Pretoria on 30 November, Mboweni said a stable rand "at current levels" would help to stabilise inflation. He also said that the currency's recent weakness and higher interest rates should boost exports.

Mboweni made the

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: