Nico Kelder
Nico Kelder
decent despite economy good growth rates recording recovering sector shows strong
That's a good number. It shows that manufacturing is recovering and it bodes well for the economy that the sector is recording decent rates of growth despite the strong currency.
african combined continued currency economy economy-and-economics expansion south support weaker
A weaker currency combined with the continued expansion of the world economy could support South African manufacturers to become more competitive on the international market.
billion performance poor projected rand trade
Of this projected deficit, 21 billion rand originates from the poor performance of the trade account.
accumulate bank buying continues exchange foreign increase markets mindful position quest quickly responsibility steady time upset
The steady increase in the international liquidity position indicates that the Bank is not just buying foreign exchange as quickly as it can, but also that at the same time it continues to be mindful of its responsibility not to upset the markets in their quest to accumulate foreign exchange.