Unfortunately, in addition to being bombarded with a confluence of negative external events, the deterioration in the domestic situation has further compounded matters. It is now almost a foregone conclusion that the path ahead will be extremely challenging; it is therefore important that we take the tough decisions that are vital to securing our long-term prosperity.
12 The SARB remains ready and fully committed to making a constructive contribution in line with its mandate, which is the maintenance of price and financial stability in the interest of balanced and sustainable growth. Thank you. 6  BIS central bankers’ speeches