17 « November « 2008 « Investment Postcards from Cape Town

South African Economy: Get Used to the “R” Word

By Prieur du Plessis, on November 17th, 2008 posted in: South Africa

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The outlook for the South African economy seems to be deteriorating by the day. The South African Reserve Bank may try to defend the rand a bit longer, but it is inevitable that interest rates should be reduced without much further delay. That is the appropriate monetary policy for an “R” outlook. [...]

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