(USDZAR) South Africa's Weal Rand Is Investment in Affordability – Bloomberg

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South Africa is a standout among its global peers offering an unexpected advantage: affordability. That’s according to brokerage RMB Morgan Stanley.
The rand has weakened about 9% versus the dollar and euro, and some 12% against the British pound, over the last year. The depreciation, along with fairly subdued inflation in South Africa compared with abroad, means that relative prices for local goods and services on sale are cheaper than elsewhere.

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