Daniel Mminele: Economic and policy challenges in Africa

Address by Mr Daniel Mminele, Deputy Governor of the South African Reserve Bank, at the 5th Business Management Conference of the College of Law and Management Studies of the University of KwaZulu-Natal, University of KwaZulu-Natal, Durban, 23 August 2018.

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

Ladies and gentlemen, good morning.

Allow me to thank you for the opportunity to address this conference that explores a very important issue facing the economies of Africa today: 'The role of urbanisation, and how the cities of the future will be structured and managed amid economic and policy challenges in Africa'. Of course, the growth and future of African cities is interdependent with the economic evolution of the continent in the next few decades, and how policies will shape that economic outlook.

I therefore propose to discuss the external and internal challenges that the continent's economy faces as it strives to move to a stronger, more inclusive pace of growth, and how policy - in particular monetary policy - can assist in that respect. Finally, I will look at whether the South African experience can inform future choices of the other countries in sub-Saharan Africa.