The rand has continued to be negatively affected by developments in emerging markets, and events in 2002 in Argentina and Brazil, for example, could hamper the short-term outlook for the rand. For this reason the Reserve Bank strongly supports the government’s policy that the remaining exchange control regulations should be very gradually relaxed.
Let me share with you three reasons why I am passionate about events like this Global Money Week that focuses on educating our children and youth on financial education, to change the habits that we have inherited from our environment on how to deal with financial resources.