Some of the shortcomings have been amended in the recent revised version of the two laws. Besides, the Guarantee Law and the Property Right Law could affect the effectiveness of guarantee, pledge, and property rights applications in financial innovation if they have unclear definition of secured interests and property rights.
Had the Reserve Bank attempted to intervene in the currency market in order to slow the process of adjustment to these events, the success of the intervention would have probably been thwarted if only by the strength of the dollar. Moreover, such intervention may well have exacerbated the downward pressure on the value of the rand.