BUSINESS DAY TV: Weak rand has its advantages when it comes to exports
PRECIOUS Moloi-Motsepe is African Fashion International’s founder and executive chairperson P1.BUSINESS DAY TV: SA’s textile industry is on a drive to help local designers export their goods. This comes at a time when the rand has significantly weakened against the dollar, which could make local products more attractive for consumers. But it could also drive input costs higher. So is the local unit a help or a hindrance to local fashion designers and producers? Joining for me on News Leader is Dr Precious Moloi-Motsepe, African Fashion International’s founder and executive chairperson.Dr Precious ... so let’s get straight into it. The rand has weakened significantly this year, have local producers and designers been able to take advantage of this?Precious Moloi-Motsepe: Yes, it is quite shocking for most of our producers with the weak rand, but of course there are advantages. With the weak rand, of course, most of our local designers and most manufacturers are in a position to expor...
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