Positive growth to resume: SARB
While South Africa's recovery from the global economic downturn is lagging, there are convincing signs that the low point of the cycle has been reached and that positive growth will be recorded for the fourth quarter, the Reserve Bank says.
South Africa leaves rates unchanged
The South African Reserve Bank left interest rates unchanged on Tuesday. Newly appointed governor Gill Marcus said the domestic economy was expected to continue on its recovery path, but that growth was expected to remain below potential for some time.
Capital investment 'to sustain growth'
A sound fiscal position and low levels of public debt have allowed the South African government to sustain public service delivery while increasing capital investment spending to boost economic growth and create employment, says Finance Minister Pravin Gordhan.
No rand intervention: SARB
The South African Reserve Bank will not intervene in the foreign exchange market to manage the strength of the rand, says deputy governor Daniel Mminele, adding that a floating exchange rate regime has cushioned South Africa from the more severe effects of the global downturn.
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