Articles on SA Budget 2016

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The rand’s current weakness can be attributed to a myriad of structural problems facing South Africa’s economy. Reuters

Explainer: how currency markets work and why the South African rand is falling

Like any commodity, the value of the rand is determined by the market forces of supply and demand. Its weakening is also affected by a myriad of structural problems facing the South African economy.
Maize is a staple food in South Africa. Its production is likely to decline by half this year due to drought. The poor will be the hardest hit. Shutterstock

South Africa’s poor face rising food prices as drought intensifies

South Africa has been hit by a severe drought and will not be able to produce enough maize - its staple food - in 2016. This will prompt a rise in imports and therefore food prices.

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