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ONE DOWN, OTHER UP

14th June 2013

By: Martin Creamer

Creamer Media Editor

  

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ONE DOWN, OTHER UP – Labour shenanigans push the value of the rand up, and rand-hedge stocks lift the Johannesburg Stock Exchange to record heights. That is the irony of a currently unstable South Africa, where first-quarter gross-domestic-product growth fell to a worrying below-par 0, 9%. Threats of more labour strife and 60% wage remands are causing a debilitating domestic overhang that is being worsened by concomitant global economic headwinds. Little wonder that Reserve Bank Governor Gill Marcus is calling from strong political leadership out of the impasse.

Edited by Creamer Media Reporter

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