T T Mboweni: Recent financial and economic developments in South Africa Speech by Mr T T Mboweni, Governor of the South African Reserve Bank, at the eighty-second ordinary general meeting of shareholders, 27 August 2002. *  *  *  Introduction The South African Reserve Bank was again confronted by many challenges during the past year.
In modernizing our banking laws and making them more  1  BIS Review 107/2000  consistent with marketplace realities, the Congress ensured that the financial services industry can expand and innovate with far fewer artificial constraints. How various financial providers choose to exploit these wider opportunities will be among the more interesting dynamics of the years ahead.