Daniel Mminele

South Africa Reserves Drop Most in Nine Months on Gold

South African gold and foreign- currency reserves declined the most in nine months in February as the price of bullion fell and a stronger dollar erased the value of holdings of other currencies.

South Africa Doesn't Rule Out `Reasonable' Rand Action, Mminele Says

South Africa’s central bank hasn’t ruled out taking “reasonable and responsible” action to curb the rand’s gains in a way that’s consistent with its inflation target, Deputy Governor Daniel Mminele said.

S. Africa GDP May Weaken in Fourth Quarter, Mminele Says

South Africa’s economic growth will probably continue to slow in the fourth quarter as the impact of mining strikes filters through the economy, Deputy Central Bank Governor Daniel Mminele said.

South Africa Price Pressures Not ‘Entrenched,’ Mminele Says

There is “no evidence” that inflation pressures in South Africa are becoming entrenched, South African Reserve Bank Deputy Governor Daniel Mminele said.

South Africa Faces ‘Downside Risk’ From Europe Debt Crisis, Mminele Says

Europe’s debt crisis may undermine South Africa’s economic outlook at a time when domestic indicators show growth is weakening, central bank Deputy Governor Daniel Mminele said.

South Africa’s Inflation Better Than Peers; Risks Remains, Mminele Says

South Africa’s inflation picture is “somewhat benign” compared with other emerging markets and the central bank stands ready to step in should rising food and fuel costs spread to other prices, Deputy Governor Daniel Mminele said.

S. Africa Reserve Bank to Review GDP Forecasts After Downgrade

The South African Reserve Bank will review its forecast for economic growth after Standard & Poor’s cut the nation’s credit rating and because of strikes in the mining industry.

South Africa’s Mminele Sees Signs of Weaker Economic Growth, ‘Uncertainty’

South Africa’s central bank sees signs of weaker economic growth in the country, Deputy Governor Daniel Mminele said.

South African Food Prices Add Pressure to Inflation, Daniel Mminele Says

Food prices in South Africa are adding pressure to inflation while job creation remains a “serious challenge” for the country, said Daniel Mminele, deputy governor of the South African Reserve Bank.

South Africa’s Mminele Says Risks to ‘Difficult’ Economic Recovery Large

South African Deputy Governor Daniel Mminele said risks to the country’s “difficult” economic recovery remain large with the global environment being so uncertain.

"The negative impacts of the strike action on growth have not fully fed through and we are likely to see further weakness in the quarter ahead."

- Daniel Mminele on Nov 28, 2012

South Africa

Reserve Bank

Cape Town

Africa

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