Address by Daniel Mminele, Deputy Governor of the South African Reserve Bank, at the Bundesbank regional office in Hamburg, Germany 26 January 2017 German G-20 presidency in 2017: opportunities and challenges for South Africa 1. Introduction  Good evening, ladies and gentlemen.
This has continued on in the first three quarters of 2007 with the surplus reaching P52.7 billion. Gains brought about by the government’s fiscal consolidation efforts were also evident in the material reduction in the public debt burden. Three, our external position is strong, making us less vulnerable to external shocks.