A string of positive trade figures released over the past few months has raised hopes that South Africa’s balance of payments position might finally improve. In this Watch, however, we explain why the country’s large investment income deficit means that the overall current account shortfall will remain wide. This will keep the pressure on the rand, one of the emerging world’s worst-performing currencies.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.