South Africa in fresh attempt to curb rand volatility


South Africa's ruling African National Congress (ANC) party is set at the end of September to consider a short-term capital inflows tax to remedy the volatility of the rand.

In a discussion document for the party's national general council, to be held near the end of next month, the ANC flagged the problem posed by capital inflows, sparked by increased foreign purchases of South African bonds and equities, as global risk appetite returns. By pushing up the value of the rand, inflows have subsidi

To continue reading...