Abstract
Abstract Economic activity and economic policy in South Africa are presently constrained by the low level of foreign exchange reserves and the need to meet the country's foreign debt commitments in 1990 and 1991. Since there is no realistic possibility of a nett inflow of foreign capital, South Africa's short- to medium-term economic future thus hinges on the ability to restructure the foreign debt and to maintain a surplus on the current account of the balance of payments.
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