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South Africa

Mboweni questions rand's rise

The governor of the South African Reserve Bank, Tito Mboweni, said the recent strength of rand against the dollar may be "unwelcome" as it pushes up the cost of the country's exports.

SARB - Monetary Policy Review

The heightened levels of global economic uncertainty are making monetary-policy decisions more challenging, notes the latest Monetary Policy Review from the South African Reserve Bank.

SA expected to continue easing after 100bps

The South African Reserve Bank acted in line with market expectations on Thursday by cutting 100 basis points off its main rate - a move which it is now forecast to repeat in May after the governor signalled the economy was in recession.

SA's Mminele on Southern Africa's goals

The Southern African Development Community's goal is to achieve a single currency and a regional central bank by 2018, said Daniel Mminele, an executive general manager of the South African Reserve Bank.

South Africa's Mboweni rejects ANC seat

Tito Mboweni, the governor of the South African Reserve Bank, has turned down the chance to stand as a candidate for the African National Congress (ANC), the ruling political party, in the country's upcoming general elections. The decision signals that…

Banknote Watch SA launched

A new organisation, called Banknote Watch SA, has been launch in South Africa to prevent cash-related crime in the run-up to the FIFA 2010 World Cup in the country.

Stay vigilant, SARB warns markets

Financial system authorities and participants must stay vigilant, and enhance efforts to improve resilience and contingency measures, states the latest Financial Stability Review from the South African Reserve Bank.

SA's Mboweni challenges IMF and World Bank

Tito Mboweni, the governor of the South African Reserve Bank, has lashed out at the Bretton Woods institutions, labelling them vehicles for developed economies to control developing and emerging-market countries.

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