Page 1 of 9  My colleagues in the Financial Markets Department remind me every year that this is not the occasion to deliver my ‘speech of the year’ but that I am merely a curtainraiser to the main event, namely conducting ‘special’ liquidity management operations.
In welcoming you to the SARB, allow me to make a few remarks to take stock of the recent developments in international and domestic financial markets and their implications, last year’s cocktail function being the reference point. Before I conclude I would also like to touch briefly on market conduct issues.