Quinn served as Absa’s interim chief executive after Daniel Mminele’s sudden departure
Another key policy adviser is said to be leaving as President Cyril Ramaphosa’s circle shrinks further
The former Absa chief executive recently quit as head of the Presidential Climate Finance Task Team
Daniel Mminele headed negotiations to finalise the terms of the $8.5 billion from other countries for SA’s energy transition
Rautenbach’s retail track record put him in good stead — and inadequate succession planning helped too
Arrie Rautenbach has been appointed to head up the banking group more than a year after his predecessor’s sudden departure
Advisers – not consultants – can help close critical gaps in government where the loss of key skills leaves the president desperately needing to enhance the state’s capacity to secure his reforms
Mminele, who last year stepped down as Absa chief executive, will head the newly established Presidential Climate Finance Task Team
Deon Raju has been appointed as the bank’s chief risk officer and Parin Gokaldas take over as Absa’s treasurer
The sector was badly hit by credit losses, but strong capital buffers have kept it from spiralling
The Reserve Bank seeks to diversify its currency exposure to help protect reserves from a potential rise in US Treasury yields.
The SA Reserve Bank deputy governor has assured the public that the bank will react should inflation breach the 6% mark for a prolonged period.
The Reserve Bank will have to time interest rate tightening carefully as inflation was high in March and retail sales growth slowed in February.
South Africa will monitor the effects of higher oil and food prices on inflation to determine when policy adjustments need to be made.
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/ 4 November 2009
The South African Reserve Bank’s policy remains that of no intervention in the foreign exchange market, Deputy Governor Daniel Mminele said.
South Africa’s economy may come out of recession later this year, the South African Reserve Bank’s deputy governor says.