Daniel Mminele: The role of the South African Reserve Bank in the context of growth and development in South Africa

Address by Mr Daniel Mminele, Deputy Governor of the South African Reserve Bank, to the Rand Business Club dinner, Johannesburg, 28 May 2019.

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

Introduction

Ladies and gentlemen, good evening, and thank you for allowing me the honour to address this dinner hosted by the Rand Business Club.

Our country has gone through general elections in the past month. With it came and went the usual debates about what the results would mean for South Africa over the next five years. What is unlikely to go away, however, is the debate over the policy priorities for the years ahead, and what authorities should focus on to lift the country from what increasingly looks like a 'slow growth trap'. Monetary policy is already part of that debate, and is likely to remain there. Hence the relevance of the topic chosen for tonight's address: The role of the South African Reserve Bank (SARB) in the context of growth and development in South Africa.