Johannesburg - South Africa’s current macroeconomic climate poses policy challenges in balancing the response to upward pressure on domestic inflation and weak economic activity, Reserve Bank chief economist
Monde Mnyande said on Thursday.
“South Africa currently faces the reality of elevated inflationary pressures and moderate growth. This is proving to be a difficult environment within which to make significant inroads into the persistently high unemployment rate,” Mnyande said in a speech posted on the bank’s website.