Africa
Zimbabwe election fears hit rand
SOUTH AFRICA - Less than a day ahead of Zimbabwe's bitterly contested presidential election, South Africa's currency is feeling the pinch.
South African gold output falls sharply
SOUTH AFRICA - South African production of gold slipped by more than 8% in 2001, the Chamber of Mines of South Africa has reported.
Speech by Tito Mboweni, Res Bank of South Africa
SPEECH - In the speech made 9 February Mboweni said there is a need for a mechanism to inject additional liquidity into the world economy during times of stress. He said that reform of the international financial system should also address the problem of…
South African bank's accounts frozen
SOUTH AFRICA - Deposits have been frozen at the eighth largest bank in Africa after bankruptcy fears spurred savers to withdraw more than 1bn rand (£61m; $87m) last week.
Speech by Tito Mboweni, Res Bank of South Africa
SPEECH - Mboweni said in the speech titled, 'Globalisation and implications for monetary policy in South Africa' that we are witnessing the global acceptance by political leaders of the independence of central banks as a critical factor for credible…
South Africa restructures policy committee
SOUTH AFRICA - South Africa's Monetary Policy Committee (MPC), which oversees the country's financial policies, has been restructured and will meet four times this year, the South African Reserve Bank (SARB) announced on Tuesday.
South Africa c bank deputy gov retires
SOUTH AFRICA - The Reserve Bank of South Africa confirmed on Wednesday that its senior deputy governor, James Cross, would be retiring for health reasons at the end of December, leaving only one deputy governor at the central bank.
S Africa's Nov gold, For Ex reserves up 9.4%
SOUTH AFRICA - South Africa's gold and foreign exchange reserves rose 9.4% to 77.7 billion rand ($1=ZAR10.8755) in November from ZAR71.00 billion in October, the South African Reserve Bank said Friday.
South Africa's central bank reduces MPC meetings
SOUTH AFRICA - The South African Reserve Bank is to reduce the frequency of its regular six-weekly monetary policy committee meetings to once every quarter, the bank said Thursday.
S Africa ctrl bk may move against Rand speculators
SOUTH AFRICA - Tito Mboweni, South Africa's Reserve Bank governor may move to stamp out the use of local finance to fund speculative attacks against the rand, the daily Business Day newspaper reported Friday 28 September.
Price and exports falls hit Africa
Economic growth in Africa is projected to reach 4% this year, according to a report by the International Monetary Fund (IMF).
Africa urged to speed up market integration
SOUTH AFRICA - Africa must step up efforts to integrate its financial markets, but the creation of a single bourse is still a long way off, African central bankers and exchange officials said on 15 August.
Observations on recent economic developments
SPEECH - Address by Mr. T. T. Mboweni, Governor of the South African Reserve Bank, Southern African-German Chamber of Commerce and Industry, 13 July.
S.African central bank says launching MPC review
SOUTH AFRICA - South Africa's central bank said today, 26 July, it was launching a review of the operations of its 14-member monetary policy committee (MPC) which would be completed by the end of September 2001.
S.Africa's Mboweni urges black empowerment support
SOUTH AFRICA - South Africa's central bank governor Tito Mboweni said that although laws could help address the issue of black empowerment in South Africa, public commitment was crucial.
Putting Africa Front and Center
SPEECH - Remarks to the United Nations Economic and Social Council by James Wolfensohn, President of The World Bank Group, Geneva, Switzerland, 16 July.
South Africa banks fear effects of brain drain
SOUTH AFRICA - South Africa's banks have identified skill shortages as the biggest threat facing the industry.
T T Mboweni: Building Africa's future
SPEECH - Address by Professor TT Mboweni, Governor of the South African Reserve Bank, at the 6th Africa Regional Girl Guides Conference, Cape Town, 2 July.
IMF Concludes Article IV with South Africa
SOUTH AFRICA - On 19 March 2001, the Executive Board of the International Monetary Fund concluded the Article IV consultation with South Africa.
South African growth levelled in first quarter
SOUTH AFRICA - The Central Bank of South Africa reports that growth levelled in the first quarter of 2001.
Financial Regulation in South Africa 2000
Book - The South African Reserve Bank has published a book on the theory and practice, goals, trends, and instruments of financial regulation. It is titled "Financial Regulation in South Africa 2000" and is co-authored by Hans Falkena, Roy Bamber, David…
Expanded monetary union in West Africa
ARTICLE - In an article published in the IMF's quarterly magazine, IMF economists R.D. Asante and Paul Robert Masson talk with Jacqueline Irving of the IMF's external relations department about the pros and cons of expanded monetary union in West Africa.
Swazi banking system undergoes modernisation
SWAZILAND - Along with other countries of the Southern Africa Development Community, Swaziland is revamping its banking system up to international standards, Bank of Swaziland Governor Martin Dlamini said on Apr 6, 2001.
IMF articles on reform and restructuring in Asia
ARTICLES - The International Monetary Fund has published the March issue of its quarterly magazine Finance and Development. There are six articles on reform and restructuring in Asia. Other articles on the role of capital in development, the effect of…