'No conclusive reason for rand's slide'

SOUTH AFRICA - None of the members of the Myburgh Commission of inquiry into the depreciation of the rand could offer conclusive reasons for the slide, said Justice Minister Penuell Maduna.

"However, a set of complex factors is alluded to in these reports, signifying that we live in a highly globalised system of flexible exchange rates which respond to many factors," he said, releasing the majority and minority reports to the National Press Club in Pretoria.

The former was compiled by commissio

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