My latest in Business Day on inflation & currency value
Downward-trending inflation ensures rand will not become worthless
Despite the recent inflationary pulse, monetary conditions now suggest a resumption of the downward trend within a year
03 AUGUST 2021 - 10:32
“The rand is worth nothing,” was a regular refrain 30 years ago. It was not true then, just as it is not true now. But by 1991 ...