OECD warns SA on strong rand threat to economy.

Byline: MARIAM ISA

OECD warns SA on strong rand threat to economy 'Still room for another rate cut' Economics Editor SA's authorities should intervene more actively against strength in the rand, which has hit exports, and provide policy signals on both the exchange rate and the likely direction of interest rates, a top global think-tank said yesterday.

In its first assessment of SA's economy, the Organisation for Economic Co-operation and Development (OECD) recommended that remaining foreign exchange controls should be lifted.

The OECD, while historically seen as a club for rich nations, has 30 members among industrialised countries, and is wooing five of the world's top …