There has been much debate around what the Rand will do once ratings agencies confirm their views on South Africa’s credit market. Here’s how the ratings agencies and national politics affect the local currency and the economy, as explained by Anton Van Teylingen from Sable International.
While some key indicators point decidedly towards negative economic trends, the government insists that SA’s finances are stable for the time being. The question behind all these discrepancies, however, is which came first: chicken or nest-egg?
Economists are surprised by rate hike as South Africa’s economy struggles to recover
Experts predict difficult times for the South African economy after the rand’s decline, and assess that Nelson Mandela’s poor health is not adding to the currency’s weakness, rather it is a mixture of national and international factors such as labour unrest.