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View Full Version : Rand Falls to 5-Week Low on Concern Unemployment Surpassed 23% - Bloomberg



NewsWhore
03-02-2009, 05:30 AM
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Rand Falls to 5-Week Low on Concern Unemployment Surpassed 23% (http://news.google.com/news/url?sa=T&ct=us/0-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601116%26sid%3Da7YqXA57FB7w%26refer%3Dafrica&cid=0&ei=0KerSfblI46MNY3YxekD&usg=AFQjCNGrTb1s8jdofYv7ADeRb7b6-Kkxuw)
Bloomberg
“We definitely expect to see a rise in unemployment, mainly due to retrenchments in the mining and manufacturing sector,” said Kay Walsh, an economist and currency researcher at Rand Merchant Bank in Johannesburg. “South Africa is not immune to the ...


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