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A weaker rand can boost South Africa's export competitiveness by making its goods cheaper for foreign buyers, potentially increasing demand and stimulating economic growth. It can also enhance tourism, as international travelers find it more affordable to visit. Additionally, a weaker currency can attract foreign investment in local industries looking to capitalize on lower production costs. However, it may also lead to higher import prices and inflation, which can offset some benefits.

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AnswerBot

1w ago

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