David Omojomolo, Africa economist at Capital Economics, said: “Other central banks have been able to operate with negative equity positions, but it’s not clear investors would look kindly on this in South Africa given the fiscal constraints.”
David Omojomolo, Africa economist at Capital Economics, said: “Other central banks have been able to operate with negative equity positions, but it’s not clear investors would look kindly on this in South Africa given the fiscal constraints.”