All those reforms will need to be nurtured carefully and it is crucial that they be supported throughout by a stable and transparent macroeconomic policy framework. |
Further structural reforms will be important prerequisites to unlocking the economic growth and development potential of South Africa. |
Growth in real gross domestic product amounted to 4.5 percent in 2004, and preliminary anecdotal evidence suggests that this performance may have been exceeded somewhat in 2005. |
The bank cannot disregard the exchange rate because the exchange rate can exercise considerable influence on developments in inflation. |