If you look across Africa, both politically and economically there were a lot of positives in 2005 which will hopefully build in 2006. But I wouldn't want to undermine the extent of the problems for Africa ... there still is a lot to be done in terms of improving infrastructure, governance, education and the social aspects of development. |
The fact the rand is firming has to do with the general trend with supportive commodity prices -- also we are seeing some Japanese investments back into emerging markets. |