Remarks by Daniel Mminele, Deputy Governor of the South African Reserve Bank, at the Managing Capital Flows: Challenges for Developing Economies Conference Livingstone, Zambia 5 May 2017  Good afternoon, ladies and gentlemen.
While demographic factors have been important here, including a rise in the birth rate and the increase in the number of students undertaking post-secondary education, the increase in the cost of housing has also played a role.