26.04.2013 - Why gold’s fall is no big deal for South Africa |
South Africa is the world's biggest gold producer after China, so you would expect this year's 15.6 percent drop in gold to have a big impact. Instead the FTSE/JSE All Share Index is flat for the year. According to the emerging markets economics team at HSBC, tumbling gold prices may give South Africa's exports a knock, but the negative impact will be more than offset by cheaper oil imports...............................................Full Article: Source |