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Some sanity at last on the rand – Business Day Investors Monthly

Some sanity at last on the rand – Business Day Investors Monthly

After their incessant bleating about how all they need to be world-class competitors is a slightly weaker rand, manufacturers are at last facing reality. Releasing its latest purchasing managers’ index (PMI), Kagiso Asset Management head of research Abdul Davids said the sustained weakness of the rand in February put significant upward pressure on predominantly dollar-based imported input costs.