Fdi Trade Agreements Of South Africa Involving Europe

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It was linked to the British pound in 1972. Then in October of 1972, the Rand was fixed to the US Dollar. In 1979, it was “freed” and allowed to float. Unfortunately, the lack of political stability of South Africa caused the Rand to depreciate, sharply, against the US dollar and other major currencies...
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Despite the actions taken by the government, the increase in violence of South Africa as well as the poor confidence in the government led foreign investors to bail out . The Rand was stable in 2007 but is back to its volatile state. It is on a depreciating trend due to the uncertain global economic outlook, weak domestic growth, and a large current account deficit...
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