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The guest speaker at the dinner, the Governor of the South African Reserve Bank Mr Tito Mboweni mentioned that when he joined Central Banking in 1998 South Africa was in a deficit of $25 billion and at present we have surplus of $28 billion. These figures reflect that the economic growth of South Africa is good. However he did caution consumers that the year-on-year CPIX inflation figure for May 2007 is above a comfortable level of 6 and encouraged consumers to curb unnecessary spending.
Shanaaz Tiry