South African imports from Europe rose by 20 per cent in April 2001 compared with April 2000. South Africa’s exports to Europe rose by 34 per cent over the same period. Likewise, South African-German economic relations have prospered over the past year.
Under our policy framework, our mandate is to provide low, stable and predictable inflation. That’s the best contribution we can make to the country’s economic and financial welfare. Achieving our inflation goals lays the foundation for sustainable economic growth. And keeping inflation close to its target means the economy is running close to capacity with full employment.