Comment: Risks facing buoyant South Africa

As is the case in many emerging market economies, South Africa is yet to escape the perception that its economic fortunes are to a large extent dependent on the performance of its currency.

COMMENT BY CENTRALBANKNET

The Rand has strengthened to levels unimaginable only a few years ago and the traditionally volatile currency has also been remarkably stable over the last two years. However, a sudden drop in the Rand's value - as happened in 1998 and more strikingly in December 2001 - would once

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