http://www.bloomberg.com/news/2013-12-11/south-africa-november-inflation-slows-more-than-expected-to-5-3-.html
South Africa's inflation rate fell more than was expected during the last month. Their inflation rate is still somewhat high because they have been fighting the recessions affects since 2009. They are still struggling and because of the issues they are very limited in what they can do. They have been locked into the same interest rates since 2012 because of the weak rand compared to other currencies as well.
South Africa has many other problems. They need to find a way to fix this soon or they will be in even more trouble.
South Africa is one of the more stable countries of Africa. They are also far more advanced than any other country in Africa so i'm not too worried about this situation. I don't know much on South Africa's economy but from what i do know, they'll end up coming back up to equilibrium sometime in the near future.
ReplyDeleteI agree with Cody. It's good to see that their inflation rate is falling. Africa is a poor continent, that's what people usually say about Africa. I'm not surprised about countries in Africa having many problems.
ReplyDeleteCody is right South Africa is one of the more stable countries in Africa and more advanced too. I think South Africa will be able to pull themselves out. Sure, it won't be without difficulty but I think they will be able to do it.
ReplyDeleteI agree with Cody that South Africa is fairly stable compared to other parts of Africa. I am more curious as to why their currency is performing so badly. I have faith in them and I believe they won't be in this situation long.
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