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Address by Daniel Mminele, Deputy Governor of the South African Reserve Bank, at the Institute of International Finance Africa Financial Summit, 30 September 2016
Published Date:
2016-09-30
Last Modified Date:
2024-09-18, 01:43 PM
Category:
Speeches > Speeches by Deputy Governors
It is a pleasure for me to address you today, some five years since the inaugural
Africa Financial Summit that was held in Cape Town in 2012. At that time, George
Abed1 noted the great progress that African countries had realised in stabilising their economies – a particularly remarkable achievement during a period of
unprecedented global financial turbulence. However, he also cautioned that the
prospects for continued growth in sub-Saharan Africa (SSA) were contingent on
greater economic diversification and on reducing dependence on commodity exports – an issue to which I will return later in my address.