Economic Digest 41 – Currency Manipulation: A storm in a tea cup? by Kenny Pasensie
Ask a politician, an economist, a labour unionist or just an ordinary South African citizen their thoughts on the currency manipulation saga and you will invariably hear very different answers – with the truth somewhere in-between. Is it a complex issue? Perhaps. Was it a storm in a tea cup? Perhaps. Were the implicated banking institutions colluding to destabilise the South African economy? Unlikely. Did it contribute to unemployment and South Africa’s economic malaise? Perhaps. Or was it just a simple case of greed, the fuel that corruption runs on?