mineral exports

Mineral Prices and the Exchange Rate: What Does the Literature Say?

This paper forms part of the Human Sciences Research Council’s project on exchange rates and employment (MACRO006), which seeks to understand the impact of exchange rate fluctuations on employment in South Africa. It reviews the literature on the relationship between commodity prices and the exchange rate, and its implications for labour-intensive export manufacturing. It focuses…


The Impact of Exchange Rate Movements on Employment: The Economy-Wide Effect of a Rand Appreciation

The volatility of the exchange rate is a particular concern for South Africa, since the country must dramatically expand sustainable employment while also raising value added in production. These objectives are not necessarily complementary in a minerals-exporting economy. This paper, part of an Human Sciences Research Council project on the relationship between exchange rates and…