Since other countries with similar characteristics tend to have more reserve assets relative to imports than South Africa, the Bank has over the past two years, on balance, accumulated an additional $ billion in foreign exchange – not without at least some impact on the level of the exchange rate. This is common knowledge in the market.
The discussion around these topics has centred on strategies to achieve the goal of net zero greenhouse gas emissions, which requires a combination of economic disincentives for fossil fuels and the increased availability of present and future clean energy alternatives.