The SA Reserve Bank has done well to balance economic growth and job creation while pursuing its mandate to monitor inflation, says Pravin Gordhan.
South Africa’s debt market should continue to benefit after it becomes the first in Africa to be included in a prominent global bond index.
Reserve Bank governor Gill Marcus says the monetary policy will maintain its focus on hitting a 3% to 6% inflation target over the medium term.
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/ 8 September 2011
State bonds fell and yields climbed as SA’s benchmark stocks booked their biggest daily gain in 16 months, breaking a three-day losing streak.
Gloomy comments from the reserve bank were the backdrop to a fall in bond yields and a volatile day for the rand, which ended down against the dollar.
South African blue-chip stocks closed around 1,2% higher on Tuesday as telecoms, mining and banking shares rebounded.
SA projected a larger-than-expected budget deficit as the approach of elections put the government under pressure to spend more.
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/ 9 December 2010
South Africa’s current-account deficit widened in the third quarter, partly due to a fall in receipts after the boost from the Soccer World Cup.
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/ 1 December 2010
The independence of South Africa’s Reserve Bank is not undermined by new economic growth proposals unveiled by the government last week.
Finance Minister Pravin Gordhan said on Wednesday local banks remained fairly stable in the face of Europe’s debt woes.