The markets will welcome the appointment on Friday of Lesetja Kganyago as new deputy governor of the South African Reserve Bank, an economist said.
Director General of the Treasury Lesetja Kganyago has been appointed the new deputy governor of the Reserve Bank, President Jacob Zuma has announced.
Treasury DG Lesetja Kganyago said on Tuesday that the economic storm is more ferocious than initially thought.
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/ 26 September 2008
Market reaction showed the value of the finance minister’s stock, writes Maya Fisher-French.
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/ 17 September 2008
SA financial markets have not been shielded from a global market crisis, but will weather the storm, Treasury Director General Lesetja Kganyago says.
South Africa’s economy is not heading for recession, with growth still strong, boosted by robust investment growth, says the top Treasury official.
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.
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/ 8 November 2007
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”.
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/ 31 October 2007
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.