Assessment of inflation targeting in South Africa  South Africa could not escape the combined inflationary consequences of rising international crude oil prices over the past two years and a sharp depreciation in the exchange value of the currency in the latter part of 2001.
Under the Key Attributes, bondholders, shareholders and management – rather than taxpayers – will have to bear the brunt of losses as a result of a new bail-in power in all G-20 member countries. Authorities will have the ability to convert some private debt to new equity in order to recapitalise, and share the losses of, a failing institution.