Those statements by the President discussed and agreed by the Council members reflect the prevailing assessment of the Governing Council and set forth in some detail the conclusions which it considers necessary to divulge. That makes the current state of debate transparent to an extent such as does not obtain in any other central bank.
This has both adverse welfare and competitiveness effects and is something that warrants attention at the provincial level particularly in terms of addressing the bottlenecks that are adversely affecting the price formation process in the province. With an estimated share of national GDP of just over 7 per cent, Limpopo makes an important contribution to the economy of South Africa.