The rand is not as cheap as current levels suggest. Don’t expect it to recover, says Old Mutual Investment Group’s Denzil Burger.
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We’re not competitive at current exchange rates. The rand is not weak enough.— Denzil Burger
We haven’t seen much rand weakness feed into inflation yet.— Denzil Burger
We need to fix the structural issues in our economy.— Denzil Burger
This article first appeared on 702 : Why the rand will not recover