An address by Rashad Cassim Deputy Governor of the SARB at the Central Banking Conference
Last Modified Date:
2023-03-14, 09:18 AM
Speeches > Speeches by Governors | Media > Media Releases | What's New
These are some of the most remarkable years in the history of the South African economy. Unfortunately, they are remarkable for the wrong reasons. Domestically, we are experiencing the lowest growth episode in modern South African history, marked most recently by the widespread failure of basic infrastructure, especially electricity. Externally, we have been buffeted by a series of extraordinary shocks: the COVID-19 pandemic, the war in Ukraine, and a global inflation surge.