The phrase that we are a part of the “Global Village” remains highly applicable for us; if we don’t have the right environment in place, if we don’t nurture and feed such an environment, then we are swimming against the tide.
The current conjuncture The introduction of the Global Bond Index Emerging Markets (GBIEM+) by JP Morgan, which tracks changes in emerging-market local-currency bond prices, has been particularly helpful to South Africa, given that most of the country’s debt is denominated in local currency, contrary to the practice in most other emerging markets.