Wednesday 23 January 2019
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ebusinessweekly - 3 month ago

SA slump batters smaller neighbours

The fortunes of Lesotho, Namibia, and Eswatini, formerly known as Swaziland, are beholden to  developments in their larger neighbour with their exchange rates pegged to the rand, the worst-performing major currency against the dollar this year. The three nations, together with Botswana, also derive revenue from a customs-sharing pool that gains and falls on South [ ]

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