SA economies unaffected by turmoil

The economies of Southern Africa have remained strong despite the volatility in global financial markets, Tito Mboweni, the governor of the South African Reserve Bank, said in a recent speech.

"Very little exposure to the structured asset markets has contributed to maintaining a fairly good level of credit quality and adequate levels of liquidity in the integrated Common Monetary Area financial system [of Lesotho, South Africa, Namibia and Swaziland]," Mboweni said. "Our financial institutions

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