Lesetja Kganyago has been appointed the new governor of the Reserve Bank.

Friday, 31 May 2013 13:17

Rand weakening somewhat exaggerated?

The movements of the rand, which has to date weakened to a four-year low against the US dollar, are slightly exaggerated, says Reserve Bank Deputy Governor Daniel Mminele

The Reserve Bank will continue to build up South Africa’s level of reserves -- which are low compared to the country’s peers -- when market conditions are conducive.

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