South African Reserve Bank

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.

South Africa relaxes exchange controls

South African Finance Minister Pravin Gordhan has announced the further relaxation of exchange controls, along with a number of other reforms, in a bid to reduce the cost of doing business in the country and attract more foreign investment.

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.

Govt identifies key focus areas

South Africa has targeted five key areas for improvement over the next three years, namely job creation, education and skills, healthcare, rural development, and the fight against crime and corruption.

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Budget 2009/10

South Africa's Budget 2009/10

SA to spend billions on infrastructure

South Africa will spend R787-billion on public infrastructure over the next three years. The country's prudent policies in the past mean it can now spend on things such as transport, health and education where other governments are not able to.

South Africa's National Treasury

South African Treasury

The National Treasury seeks to advance economic growth and job creation through appropriate macro-economic, fiscal and financial policies.

South African Reserve Bank

Reserve Bank

South Africa's central bank enjoys considerable autonomy, while working closely with the Treasury to formulate monetary policy.

Black economic empowerment

Black economic empowerment

Overview, codes and charters, initiatives, news and links.

South African business update

Business update

South African finance and economy news.