@kam4031 I've fixed the numbers, and they're much the same between purchasing power and interest rates. You should always be parking your (spare) cash in interest bearing accounts, if not equity investments.
But yes, the depreciation is the default state and will continue to be so, but a depreciation is not always a devaluation. A slight devaluation has occurred, mostly evenly across the past two decades, yes, but as to whether this will continue, that is anyone's guess. We maintain a trade surplus, expectations for our economy are very low & the green transition will increase demand for metals, so I'd personally wager the rand will strengthen in real terms over the next decade.
But yes, the depreciation is the default state and will continue to be so, but a depreciation is not always a devaluation. A slight devaluation has occurred, mostly evenly across the past two decades, yes, but as to whether this will continue, that is anyone's guess. We maintain a trade surplus, expectations for our economy are very low & the green transition will increase demand for metals, so I'd personally wager the rand will strengthen in real terms over the next decade.