South Africa: Weak Pound Has Little Effect On Country

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Johannesburg — HISTORICALLY SA has close links with the UK. More recently, with the growth in anti-US feeling during the Bush administration, sterling had become the local foreign currency of choice.

Then came the 36% dive in the pound against the dollar in only five months. But unless you are a currency dealer, and therefore, have already dumped pounds for dollars, does it really matter?

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