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Reserve Bank Forecasts Gradual Economic Recovery in 2009


South African Reserve BankThe reserve bank is pinning its hopes on a gradual economic recovery in the coming months. Mr Tito Mboweni, the governor of the South African reserve bank,…

National Treasury Confirms First Recession Since 1992


National TreasuryNational treasury has admitted that South Africa is in the grip of a recession. The admission was made at a media briefing in Pretoria delivered by the department's director-general,…