I am very pleased to welcome all of you to the 32nd BSP Environmental Scanning Exercise (ESE). While this is my first time to address this affair as the BSP Governor, it is certainly not my first time to attend in this event.
The South African economy grew by just 1.9 per cent in 2013, far below potential of around 3.5 per cent. Although the Reserve Bank projects an improved growth rate of 2.8 percent growth for this year, it is still too low to make a meaningful dent in our unemployment rate.