The figures in Europe have been relatively benign by international standards, while North and South America, for instance, have reported considerably more dramatic increases in total infection numbers (Figure 1). Figure 1 Total number of COVID-19 infections worldwide. Per million inhabitants  Source: Bloomberg. Note: Counts are subject to change as governments survey and confirm cases.
A sharp depreciation in the exchange rate of the rand after February 1996 provided a new shock stimulus for inflation in South Africa and, assisted by a continuous excessive rate of increase in the money supply, the rate of increase in overall consumer prices accelerated to 9.8 per cent over the twelve months up to February 1997.