Nico Kelder Quotations

The steady increase in the international liquidity position indicates that the Bank is not just buying foreign exchange as quickly as it can, but also that at the same time it continues to be mindful of its responsibility not to upset the markets in their quest to accumulate foreign exchange.

Of this projected deficit, 21 billion rand originates from the poor performance of the trade account.

A weaker currency combined with the continued expansion of the world economy could support South African manufacturers to become more competitive on the international market.

That's a good number. It shows that manufacturing is recovering and it bodes well for the economy that the sector is recording decent rates of growth despite the strong currency.

The fall (in exports) may have something to do with supply problems and getting the minerals to the ports for exports. And demand from Europe seems to be a bit weaker.