- Sep 14, 2005
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Agreed but almost all electronics are imported - telkom might feel justified in increasing prices
Quite correct gents, all imported products will become more expensive but then our exports can become more competitive again, which hopefully will help the manufacturing industry expand and create more jobs.Problem is that everything becomes more expensive since we buy our oil in $. Not to mension electronics which are directly priced in dolars and pounds.
They have done more than hint at it. It was clearly stated in the budget speech.The government has been hinting at a weaker rand for some time to shore up the export market..
Bad for manufacturing industry like us that is forced to import chemical commodities though.
A stable rand is all we ask for at what ever level they deem good for exporters, not one more volatile than old dynamite.
I agree.you need to have the rand at around 7.5 to 8
we need our exports to do well or ppl will go else where
if the rand is to low its great but not for exports
so where it is sitting now is a good balance on both ends
What changed hj2k_x is that they have not wanted to interfere in the rand but wanted it weaker, now they are prepared to manipulate it to a point that they deem is acceptable and keep it there, correct?
How does this help the current account, if at all?
Industry is still going to be importing huge amounts of commodities that are not available here and are necessary to feed our growth. Even cement manufacturers locally are importing to meet the demand.
Is there a breakdown available anywhere of what our net imports comprise of in this country? I would love to see one.