Recession, inflation, interest rates, income tax, exchange rates ...one is bombarded with these terms every day - by newspapers, the radio, TV and the internet - but what do they actually mean? And how do they impact on ordinary people? In this edition of Everyone's guide to the South African economy, all these issues - and more - are addressed. The title explains and evaluates a wide range of economic occurrences - from the budget and the rand/dollar exchange rate to the role of the South African Reserve Bank and the ...
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Recession, inflation, interest rates, income tax, exchange rates ...one is bombarded with these terms every day - by newspapers, the radio, TV and the internet - but what do they actually mean? And how do they impact on ordinary people? In this edition of Everyone's guide to the South African economy, all these issues - and more - are addressed. The title explains and evaluates a wide range of economic occurrences - from the budget and the rand/dollar exchange rate to the role of the South African Reserve Bank and the balance of payments. This edition investigates the causes and consequences of the 2008/2009 global financial and economic crisis, looks in more detail at the sub-Saharan African economy, and explores human development issues in South Africa and their implications for policy-making. Avoiding the specialised jargon of economists and bankers, the book clearly explains the economic forces that subtly dictate the day-to-day existence of ordinary people. This is essential reading for every South African consumer and taxpayer.
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