New Reserve Bank deputy governor welcomed

The markets will welcome the appointment on Friday of Lesetja Kganyago as new deputy governor of the South African Reserve Bank, an economist said.

Treasury DG to become Reserve Bank deputy governor

Director General of the Treasury Lesetja Kganyago has been appointed the new deputy governor of the Reserve Bank, President Jacob Zuma has announced.

Economic storm 'more ferocious than thought'

Treasury DG Lesetja Kganyago said on Tuesday that the economic storm is more ferocious than initially thought.

Trevor's R50bn price tag

Market reaction showed the value of the finance minister's stock, writes Maya Fisher-French.

Global market crisis: 'SA will weather the storm'

SA financial markets have not been shielded from a global market crisis, but will weather the storm, Treasury Director General Lesetja Kganyago says.

Treasury: SA economy strong, no recession risk

South Africa's economy is not heading for recession, with growth still strong, boosted by robust investment growth, says the top Treasury official.

SA sticks to growth rate of 6% by 2010

South Africa is sticking to its target growth rate of 6% by 2010 despite a chronic power crisis and slower global growth, a government official said on Thursday. Alan Hirsch, deputy head of the policy unit in the Presidency, said the Accelerated and Shared Growth Initiative for South Africa is unchanged.

Hot topics at 'significant' G20 meeting in SA

Global economic power relations, the commodity cycle and food prices are some of the issues to be discussed at next week's Group of 20 (G20) meeting in South Africa. Finance Minister Trevor Manuel said the meeting is "probably the most significant gathering of economic policymakers we've ever had in South Africa".

Mboweni: Inflation must be tackled

Broad-based price increases in South Africa's economy showed there was a problem that needed to be "handled", Reserve Bank Governor Tito Mboweni said on Tuesday. Speaking in Johannesburg, he also warned that, in general, faster inflation meant tighter monetary policy.

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