South Africa : Rand likely to see-saw in 2009. economists predict

South Africa : Rand likely to see-saw in 2009. economists predict - Although South African's began their December 2008 holidays on a wave of jubilation as interest rates were cut by 50 basis points, the strength of the Rand, which influences almost all aspects of everyday life is likely to see-saw economists predict, writes Michael Appel.
A strengthening local currency makes crude oil cheaper for South Africa to buy, which in turn makes fuel cheaper for local companies to produce and then sold off cheaper to motorists.
read more
[Freenet Africa ]