SARB's Mboweni on the South African economy

In a speech given on 25 October, Tito Mboweni of the South African Reserve Bank said the markets have been through some testing times, but we certainly have a come long way from the days of double digit inflation, and the rand being a one-way bet.

"International crude oil prices recently moved to record-high levels of around US$70 per barrel, casting fears in the marketplace about future inflationary pressures. As noted before, the immediate or first-round effects of rising energy prices would

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