In fact, the degree of recovery still varies according to size of firm and region. The economic recovery has indeed been spreading steadily, with both domestic and external demand continuing to increase. The Tankan indicated that business conditions at not only large firms but also small and medium-sized ones have been improving.
T T Mboweni: The objectives of monetary policy with reference to the independence of the South African Reserve Bank  Address by Mr T T Mboweni, Governor of the South African Reserve Bank, at the Free State Branch of the Economic Society of South Africa and Chamber of Trade and Commerce, Bloemfontein, on 12 April 2000. * 1.