Government is juggling with South Africa's future
4 September 2018
Congress of the People (COPE) is totally surprised that the government still believes it can continue to juggle the ever increasing number of heavily loaded balls in the air.
Its latest decision to absorb the cost arising from the under recovery in the current fuel price is full of bravado signifying nothing.
The facts are that the Rand is slipping under multiple pressures. At present it is trading at R15 to the dollar.
With what is happening in Argentina and Turkey combined with the many policy uncertainties at home, the situation of the Rand is uncertain.