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R1.2bn Reserve Bank losses

South African Reserve Bank

South African Reserve Bank

Pretoria – The South African Reserve Bank reported a R1.2 billion after-tax loss in the year ended March 2011, it said in its Annual Report.

According to the document, capital flows to many emerging markets in the final quarter of 2010 and early 2011 with a similar pattern were observed in South Africa. [Read more…]