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.
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