This is essential for long term economic growth and for the fruits of that growth to be shared more equitably. There are several other economic foundation-stones which will help us navigate through these difficult times. South Africa’s macroeconomic policies are sound, clear and transparent. Our macroeconomic institutions enjoy a high degree of credibility and respect, both globally and locally.
Thus Reserve Bank in pursuance of the objective outlined in the RBI Act has been diligently monitoring the flow of credit in the economy and taking appropriate steps to ensure that flow of credit is used to the betterment of the economy. Regulation of non- banking financial sector 16.