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$472 million However between 2001 and 2003 South Africa registered a healthy and positive trade balance BANKING AND SECURITIES The South African Reserve Bank (SARB) the central bank of issue began operations in 1921 and in 1924 assumed liability for the outstanding notes of the commercial banks It is the fourth oldest central bank to have been established outside Europe

The economic growth of a country may get hampered due to a number of factors such as trade deficit and alterations in expenditures by governmental bodies Generally the economic growth of a country is adversely affected when there is a sharp rise in the prices of goods and services [paywall]


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