KIM kimberley diamond company nl.

strong rand an issue for sth africa why Because even more so...

  1. 8,258 Posts.
    strong rand an issue for sth africa why Because even more so than australia they are so dependant upon resources to generate national income - and a strong resources sector and prices is going to eventually equal a stronger rand - their industrial and agricultural and services base is much less developed than australia - at least here a strong AUS$ has benefits - over there it plays havoc with their resources sector.

    That said de beers needs to refine and close those loss makers until comes a time when a weaker rand makes them profitable agian.
 
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