David Fowkes, who was appointed as an adviser to the governors last December, has worked for the Reserve Bank since 2013
The trend of wealth departing our shores is severely discouraging and political and economic reform is needed to stem the tide
Inflation rose well beyond the Reserve Bank’s midpoint target in August
The domestic economy continues to show signs of stress in the wake of the global economic downturn.
The South African Reserve Bank’s two-day monetary policy committee meeting got under way in Pretoria on Wednesday morning, the central bank confirmed. The key decision on interest rates is expected to be announced by governor Tito Mboweni at around 3.3ppm on Thursday afternoon.