It is cold comfort that we are now in the same company as countries such as Spain and Greece, or that rising unemployment has become a major issue in many advanced economies. The persistence of the high rate of unemployment indicates that in South Africa it is a structural phenomenon, and therefore beyond the scope of monetary policy.
Team BSP. For several events now, I have, for health reasons, requested BSP Officers to deliver messages on my behalf. I have allowed others to speak for me and I have spoken through others. This is not an easy thing for me to do, as I am by heart, a speechwriter and am mindful of the power of the podium.