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Saturday, 23 May 2009

Targeting 6% inflation is not international best practice.

"Inflation targeting is still seen by the markets as international best practice, which is why SA should stick with it." Greta Steyn, Fin24.com

Targeting 6% inflation is not international best practice.

The EMU, US and UK will never target 6% inflation.

Continuous 6% inflation destroys 6% of the real value of the Rand in one year and 71% in 20 yrs.

SA accountants unknowingly destroy 6% of the real value of Retained Earnings of all SA companies in one year and 71% in 20 yrs when they apply the stable measuring unit assumption for an indefinite period of time.

Mboweni, Greta Steyn and company do not even understand that.

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