The current phase of economic recovery began in January 2002. By the end of November, the economy will have experienced a long economic expansion that has lasted for four years and ten months. This sustained period of economic expansion is likely to continue. Recent economic indicators have shown mixed developments.
T T Mboweni: South African Reserve Bank launches upgraded banknotes Speech by Mr T T Mboweni, Governor of the South African Reserve Bank, at the launch of the upgraded banknotes, Pretoria, 17 January 2005. *  *  *  Ladies and gentlemen Welcome to the South African Reserve Bank. Today we take great pride and pleasure in unveiling South Africa’s upgraded banknotes.