Letter: ANC inherited strong rand
04 May 2015 - 09:54
Your columnist David Shapiro says (April 30): "In August 1985. Prime Minister PW Botha refused to make any constitutional concessions. The result was sweeping sanctions that plunged the rand to depths from which it has never really recovered."The fact is that in 1994, when the ANC came to power and sanctions were lifted, the exchange rate was R3.55 to the US dollar. It is now R11.80.Perhaps it is better not to be confused by the facts. - M Green..
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