President Ramaphosa, the SOE BAILOUTS are INFLATIONARY. It's the reason inflation remains so high and the Rand so weak.
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The ANC says the Rand is undervalued, but why is the Rand undervalued? One of the reasons is the SOE bailouts are INFLATIONARY. Any money that is created more than what other countries would usually create, ends up circulating in the the economy and increases imports devalues R/$
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You ask Nomvula 'Sezolixosha'(forgive my spelling)Mokonyane about rand value.
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South Africa should limit the number of foreigners coming in. This country is now a joke internationally because anyone can come and BRIBE their way to anything. Even the president's staff can be bribed.
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