South Africa Interest Rates - Ad-Hoc Note
For many years, the South African economy has somehow defied gravity; the ultimate comeback-kid. However, the statement of Pennsylvanian politician Bloom that “Economics is to Politics as Gravity is to Jumping” (bolstered by ex-IRR’s Dr. Cronje - “it brings you back to earth”) remains correct. Gravity, in this instance, is just high latency.
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