loss

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 released on Tuesday 14 June. 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. Between November 2010 and March 2011, there were cumulative net sales of bonds and equities by non-residents. Even through the unstable pattern of capital flows, the bank, … [Read more...] about Reserve Bank’s R1.2bn after-tax Loss