Sarb deputy hails role of accountants in South African recovery


François Groepe, a deputy governor of the South African Reserve Bank (Sarb), yesterday said emerging and developing economies "remain vulnerable to the spillover effects of the reversal of the highly accommodative monetary policy by the advanced economies", though volatility in financial markets in recent days "seems to have abated" following assurances from the US Federal Reserve that "monetary policy would remain accommodative despite asset purchase tapering".

The domestic economic growth

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