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View Full Version : South Africa's October Says Rand Overvalued, City Press Reports - Bloomberg



NewsWhore
03-04-2012, 08:50 AM
South Africa's October Says Rand Overvalued, City Press Reports (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGihN3pYH-2qTD2HeN13F0Bv5_7WA&url=http://www.bloomberg.com/news/2012-03-04/south-africa-s-october-says-rand-overvalued-city-press-reports.html)
Bloomberg
South Africa's rand is overvalued and the central bank needs to weaken the currency, City Press reported, citing the director general of the nation's trade ministry, Lionel October. Weakening the currency would ensure the rand was “stable and ...

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