Africa
Speech by Tito Mboweni, RB of South Africa, 18 Sep
SPEECH - In the speech Mboweni said South Africa is regarded as having a dual economy. On the one hand it is an emerging market with its fair share of challenges regarding economic growth, wealth distribution, and inflation. In particular, we face the…
Inflation target regime debated in South Africa
SOUTH AFRICA - Economists briefing Parliament's finance committee endorsed the country's inflation targeting regime on Friday, but offered conflicting advice on how to improve it.
Fed's McDonough has advice for SA's bankers
SOUTH AFRICA - Bank capital rules brought up to date for a global marketplace must be flexible and take into account a bank's size and its risk appetite, New York Federal Reserve President William McDonough said on Wednesday.
SA financial system stable: Mboweni
SOUTH AFRICA - Local financial regulators are highly optimistic about the stability of the country's financial system, says Tito Mboweni, the SA Reserve Bank governor.
South African inflation hits record high
SOUTH AFRICA - South Africa's targeted CPIX inflation measure vaulted to a record high in August, official data showed on Tuesday, supporting the Reserve Bank's decision last week to raise interest rates for the fourth time this year.
South Africa raises interest rate
SOUTH AFRICA - The South African Reserve Bank on Thursday made a one percentage point increase in the country's prime interest rates in an effort to force inflation below 6 per cent.
MPs to increase SA Reserve Bank's accountability
SOUTH AFRICA - Parliament's finance committee is to investigate ways to formalise and strengthen the accountability of the SA Reserve Bank to the legislature, Business Day reported.
West African central bank suffers armed robbery
IVORY COAST - Armed robbers have raided the high-security central bank of Western Africa in Ivory Coast and stolen 2.6bn CFA francs ($3.8m).
Interest rates unlikely to fall soon, Mboweni
SOUTH AFRICA - South Africans should not expect a drop in interest rates for the remainder of the year, Reserve Bank governor Tito Mboweni said on Tuesday. He also said he opposed the government's plans for a single banking regulator, and believed that…
SA Reserve Bank launches Summit memorial coins
SOUTH AFRICA - Reserve Bank governor Tito Mboweni has launched a coin series to commemorate the upcoming World Summit on Sustainable Development (WSSD).
SARB inflation target seen as out of reach
SOUTH AFRICA - Consumer inflation surprised on the upside last month, fuelling expectations that the Reserve Bank's targets for next year are getting out of reach, though Business Day reports economists said they did not expect interest rates to rise…
South African fake central bank web site shut down
SOUTH AFRICA - A Nigerian syndicate has set up an elaborate fake South African Reserve Bank web site to pull off a so-called "419" advance-fee scam in which victims are promised millions in return for their assistance in moving vast amounts of money out…
South African banks move to restore trust
SOUTH AFRICA - A review of governance of South Africa's five major banking groups will be undertaken, Registrar of Banks Christo Wiese said on Wednesday.
'No conclusive reason for rand's slide'
SOUTH AFRICA - None of the members of the Myburgh Commission of inquiry into the depreciation of the rand could offer conclusive reasons for the slide, said Justice Minister Penuell Maduna.
Many hurdles before one African currency - Mboweni
SOUTH AFRICA - Many hurdles would have to be overcome before the newly-formed African Union (AU) could form a single currency for the continent, South African Reserve Bank Governor Tito Mboweni said on Thursday.
Inquiry says fx controls contributed to rand fall
SOUTH AFRICA - A public inquiry into the sharp fall of the South African currency last year blames the country's slow pace of privatisation and the tightening of exchange controls.
SA experts - Inflation targeting needs propagation
SOUTH AFRICA - While the Reserve Bank's inflation targeting is an appropriate and essential programme, it still is in need of more public knowledge and communication among the majority of South Africans, a gathering of professionals decided on Friday.
South Africa's Reserve Bank in Atlanta mission
SOUTH AFRICA - South Africa's central bank governor will meet leading African-Americans in Atlanta next week in an effort to boost US investment in the country.
SA Reserve Bank to learn about inflation targeting
SOUTH AFRICA - Experts from the South African Reserve Bank (SARB) are to learn more about inflation targeting from their Canadian counterparts, in terms of an agreement signed in Pretoria on Wednesday.
African Development Bank - Annual Report 2000
ANNUAL REPORT - The African Development Bank Group's Annual Report for 2000 can now be accessed online.
Speech by Omar Kabbaj, president of AFDB, 28 May
SPEECH - Omar Kabbaj, president of the African Development Bank, gave a speech on "Enhancing the Development Effectiveness of the African Development Bank" at the opening session of the annual meetings of the African Development Bank and Fund in Addis…
Paul O'Neill and pop star argue over aid issue
UGANDA - The Washington Post reports that US Treasury Secretary Paul O'Neill and Irish rock star Bono have apparently fallen out, over the issue of digging wells, during a joint 10-day trip around Africa to investigate the aid issue. O'Neill has…
Mboweni urges Deutsche Bank disclosure
SOUTH AFRICA - SA Reserve Bank governor Tito Mboweni on Monday said it was important that details of a deal struck between the SARB and Deutsche Bank be made available to the rand commission of inquiry.
Mboweni willing to tell all
SOUTH AFRICA - South African Reserve Bank governor Tito Mboweni on Monday said he was willing to disclose details of a confidential deal reached between the SARB and Deutsche Bank to boost South Africa's foreign exchange reserves.