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Brief note intended as a more regular interface with our clients. The emphasis is to provide our interpretation of important economic events, such as South African Reserve Bank interest rate statements, and key data releases, including GDP growth figures.
The aim of the present follow-up note (on the Comment release last Friday) is to provide some assessment of the current rand exchange rate depreciation and outlook, as well as to outline the quantum of impacts which may result in the event of a crisis scenario. It has to be emphasised, that we remain in the realm of a ‘what-if’ scenario. The objective remains to provide information that will facilitate planning in what can otherwise only be described as extraordinary.
