financing conditions are no longer supportive of emerging market currency and asset values."

5.4.1. How did the implications of Covid-19 impact South Africa's credit risk? (1)

5.4.2. How did the implications of Covid-19 and South Africa's credit risk impact the R/$ exchange rate? Illustrate and explain. (6)

5.4.3. What will the effect of the R/$ exchange rate in Question 5.4.2 be on the imports of South Africa? Explain. (1)

5.4.4. What will the effect of the R/$ exchange rate in Question 5.4.2 be on domestic prices and the current account of South Africa?