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| Author: | Nevin, T. |
| Title: | Mystery of the jilted rand |
| Journal: | African Business
1998 : SEP, 235, p. 8-10 |
| Index terms: | SOUTH AFRICA SCHEDULING CURRENCY |
| Language: | eng |
| Abstract: | South Africa's currency, the rand, has been behaving like a demented yo-yo but no one seems to really know why. All kinds of reasons, including conspiracy theories, have been advanced. Meanwhile, the economy is being hammered. Tom Nevin tries to make sense of what appears senseless. Earlier this year, a matter of weeks, the South Africa's currency shed more than 25% of its value as it came under attack from international speculators, claims the author of the paper. |
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