I would like to welcome all delegates present in this conference room, especially the African countries’ representatives. As hosts of the SWIFT African Regional Conference, we are greatly honoured to welcome you in Maputo and wish you a pleasant stay.
As for the rand, it has recovered by about 20% on a tradeweighted basis from the lows it had reached in early 2016. Yet this relative stability is fragile, dependent on developments that may reverse in the not-too-distant future.