IMF warns SA against policy to curb rand

FORCING the rand to weaken would be a “very shortsighted” move for SA to make, Dominique Strauss-Kahn, MD of the International Monetary Fund (IMF), said yesterday.

His comments come amid a heated debate on the rand’s strength. There have been mounting calls from trade unions and some business leaders to weaken the unit, after gains last year were seen as a threat to the competitiveness of local exports, jobs and growth.

Click here for full story

This entry was posted on Wednesday, March 10th, 2010 at 8:15 am and is filed under News. You can follow any responses to this entry through the RSS 2.0 feed.