Weakening Rand would be'very short-sighted' - IMF
Thursday, March 11, 2010
Local union federation Cosatu, an ally of the ruling ANC, has called on the central bank to widen its inflation targeting mandate and wants a much weaker rand to help boost local industries and create jobs.
Strauss-Kahn said any policy measures that led to a weakening of the rand would scare off the foreign investors and capital that are needed to fund the country's current account deficit.
It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...