The Council is comprised of the Finance Ministry, the Central Bank, the National Banking and Securities Commission (CNBV), the Insurance and Surety National Commission (CNSF), the National Commission for Retirement Savings (CONSAR), and the Bank Savings Protection Institute (IPAB).
South Africa’s growth performance in the post-crisis period has been disappointing, having averaged 2,8 per cent since 2010. This can be attributed in part to the slow recovery in our major trading partners. In 2013, growth averaged 1,9 per cent, well below potential growth currently estimated to be between 3,0 and 3,5 per cent.