THE SA Reserve Bank’s (SARB) interest rate cut of half a per cent last Thursday was indirect good news for exporters, as the rand almost immediately fell 2.4% against the US dollar.
Trickle traffic through the Strait of Hormuz, hugging the Iranian coastline at Qeshm and the islands of Hormuz and Larak, has brought no significant change to the closed-off waterway.Source: Research Gate