In a thought-provoking lecture delivered at the International Monetary Fund, Reserve Bank Governor Lesetja Kganyago emphasized the intricate nature of capital flows, describing them as both dangerous and powerful, yet also useful. IMF SARB
[FILE PHOTO] South African Reserve Bank Governor, Lesetja Kganyago.apital flows are a force that is dangerous, as well as useful and powerful. He
Kganyago believes that capital flows can benefit countries with low savings rates and greater investment opportunities, and he urges countries to welcome capital flows, manage risks, and cultivate institutions that can provide productive investment choices.
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