The Reserve Bank’s final rates decision of the year and October’s inflation report are the big items on South Africa’s economic calendar this week.
New governor designate of the SA Reserve Bank, Lesetja Kganyago, will have to deal with steadily rising inflation and lacklustre economic growth.
Current deputy governor Lesetja Kganyago has been appointed as Gill Marcus' replacement when her term as head of the bank ends in November.
The SCA ordered the Reserve Bank to pay R250m to the billionaire who plans to use the money to support constitutional court cases against the state.
There are capable candidates who could replace her, although choices outside the bank are thin.
Gill Marcus said she will step down from her post when her term ends in November, leaving room for one of her deputies to succeed her.
Concerns are growing that the state may be in for more bad debt than expected with African Bank.
GDP data is expected to show SA rebounded from a contraction but there still remains little momentum to spur economic growth.
Analysts have asked why regulators did not act sooner to avert the African Bank crisis.
The Reserve Bank has placed the sinking lender under curatorship in a bid to save investors.
The South African local currency is expected to continue strengthening as low volatility and high returns attract investors.
Bonds are rallying after the Reserve Bank's hiked rates in an effort to assure South Africans and investors that inflation will not run away.
Economists are split on whether the South African Reserve Bank's Monetary Policy Committee will hold or hike interest rates on Thursday.
Investors and economists will be eager to hear if the South African Reserve Bank will keep the repo rate on hold at 5.5% on Thursday.
South Africa's latest mining and manufacturing data are the highlights of an otherwise light domestic economic calendar this week.
But analysts agree that providing better guidance and more transparency can be difficult.
The Reserve Bank says the outflows from bond and equity markets since January has been double the entire amount that flowed into our shore in 2013.
The SA Reserve Bank forecasts consumer inflation in the continent's number two economy will average 6.3% in 2014. Here's your economic week ahead.
Trade and tax data have improved the outlook marginally, but consumer spending remains cautious.