The challenge for South Africa is not to isolate itself from the adverse effects of the globalisation process, but to continue to participate in the programme of gradual international integration. 4. The overriding challenge for monetary policy is to keep inflation low BIS Review 108/1997  Financial stability in South Africa is threatened from time to time by new and more intensive inflationary pressures.
On 5 July, a consensual proposal was reached between ESFG and Crédit Agricole over the decision to co-opt the new CEO and CFO. This decision was later complemented on 11 July with a proposal from both shareholders to choose a new Deputy CEO for the Executive Board.