T T Mboweni: Monetary policy decision making in an uncertain international economic environment Address by Mr T T Mboweni, Governor of the South African Reserve Bank, at a business breakfast organised by the Graduate School of Business, University of Kwazulu-Natal, Durban, 2 November 2006. *  *  *  Honoured guests Ladies and Gentlemen  1.
Firms as a whole still strongly feel that they have excess capacity and employees, and that they should reduce their debts to restore financial soundness. Nevertheless, the number of firms that take positive action, such as increasing the amount of fixed investment, is increasing gradually, especially in high-growth sectors.