We all know that, on 18 March, the Reserve Bank announced a further easing of monetary policy, an easing which was rather larger than most people had been expecting. Since then, the exchange rate has fallen and interest rates have risen (especially at the short end of the yield curve). These developments have led to a great deal of puzzlement and some anger.
Section 27(1) (b) of the Constitution states that everyone has the right to have access to sufficient water, while Section 27(2) requires the State to take reasonable legislative and other measures, within its available resources, to achieve the progressive realisation of this right. According to South Africa: Millennium Development Goals Country Report (2005), the country has already met some of the MDGs.