It's the economy, stupid, and it's bust
26 August 2015 - 02:45
In the coming weeks the effects of the dramatically weakened rand will ripple through the economy, fuelling inflation and price hikes and hitting the poor hardest. Yesterday, the rand had recovered after a mauling on Monday and was at just over R13 to the dollar. The currency strengthened on news of a Chinese interest rate cut after heavy selling had pushed it to an historic low of R14/$.
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