As we have been forecasting over the last six months, downgrades have not harmed our currency to any great degree. In fact now that we have been in junk for over a quarter our Rand has gained and stabilised against the American Dollar.
The main reason for this in our opinion is of course that we hold many main sources of minerals and metals that will be required by the world for the recovery of their economies. Africa as a whole has many rare metals and South Africans has the knowledge to find and exploit these.
Another good reason is of course that we are outside the main protagonists in the fight between capitalists and communist societies.
There are elements with in our country that are attracted by far left wing ideals,so it would be a good idea for the west to set up closer ties with our country. Most thinking people were horrified the other day when Russia and China carried out naval exercises with our navy. This never happened during the first cold war.
So don't give up your presence here and work on good will that still exists towards the West!
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