From Busrep.co.za: The recent decline in precious metal prices in the face of a global slowdown is going to hit South Africa's export revenue - but that damage could be offset by the declining oil price, although falling rand strength could cause complications.
This is according to Cees Bruggeman, the chief economist at First National Bank. The Wall Street Journal reports that the credit crisis is contributing to the fall of commodities markets as investors grow increasingly worried about doing business with financial firms that create complex derivative products pegged to oil, gold and grain markets..... Full Article: Source
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