T T Mboweni: Recent economic developments Keynote address by Mr T T Mboweni, Governor of the South African Reserve Bank, at the Founding Congress of the Executive Management Institute of Southern Africa, Johannesburg, 5 July 2002. * 1. *  *  Introduction  Ladies and Gentlemen.
I am honoured to address the Founding Congress of the Executive Management Institute of Southern Africa and I thank you for the opportunity. I will first discuss international economic developments, before turning to the domestic economy. There have recently been encouraging signs that the global slowdown has bottomed out.