Lesetja Kganyago: Global economic developments and global initiatives involving South Africa's central bank

Remarks by Mr Lesetja Kganyago, Governor of the South African Reserve Bank, at the annual dinner in honour of the Ambassadors and High Commissioners to the Republic of South Africa, Pretoria, 7 June 2017.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
29 June 2017


Dean of the Diplomatic Corps, Ambassadors, High Commissioners, Counsellors and Diplomats - a very good evening to you all. Thank you for accepting our invitation to this event, which has become a permanent feature on our calendar.

South Africa has its fair share of challenges. Our country finds itself at an intensely contested but creative moment in its history. South Africans are energetically debating the problems we face today and the policies we should be implementing to fix these problems.

Notwithstanding these challenges, South Africa has a number of positive things going for it, not least of which are its institutions, which remain resilient.

However, it is not my intention to bore you with the developments in South Africa tonight. I would prefer to use the limited time I have on this podium to touch on global economic developments and say a bit more about some of the initiatives that the South African Reserve Bank (SARB) has been involved in on the continent and in other global forums. I will be brief, so that we can enjoy the excellent food and wine on offer tonight.