This issue is discussed in depth in the latest IMF World Economic Outlook. Although the main finding is that the bulk of global trade is still conventional trade, this issue may be relevant in a number of sectors. This may be of particular relevance to the motor industry in South Africa.
Finally, we also need to look carefully at some of our own domestic policies that have the potential to undermine our exports or to counter the favourable impact of depreciation. So how does the Bank view the exchange rate, and should we try to intervene in the interest of competitiveness?