Emerging markets (EM) are struggling to finance their economies now that global capital is heading back to the United States, where the gradual ending of cheap money from the US Federal Reserve has brought up interest rates. Currently, the sharp suits of Sandton, Johannesburg's banking district, are feeling the pinch, with the rand hit hard.
South African Reserve Bank governor Gill Marcus announced a hike in the repo rate to fight inflation. Even though the rate rose half a percent
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