Fortunately, interest rates remain at 25-year lows and are expected to remain low over the coming year.
Given the still relatively robust domestic demand and an anticipated pick-up in fixed investment spending, the trade balance should continue to trend weaker.
Gross reserves rose by a further $0.742m in December 2005 to $20.65bn.
We need infrastructure spending and spending that creates jobs.
We think there will be an announcement on exchange controls in the Budget or around the time of the Budget.
South Africa is screaming out for a broad-based policy response to deal with these obstacles.
There's even an outside chance of a budget surplus.
The conclusion must be drawn that some of us are living beyond our means.