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.

There was a consensus, at least among the two big parties, that reforms were crucial.

It's carefully nurtured and goes back to the 1930s, ... It's been pushed along and built very skillfully. I've got to hand it to them.