Nick Hedley | The dollar’s surge is hurting South Africa. Here are some solutions

The dollar's surge will have major consequences for developing countries. It's going to be a tough pill to swallow, and SA will need to consider some solutions, writes Nick Hedley.

To try to beat inflation, the US Federal Reserve is jacking up interest rates – fast. This is causing the dollar to surge in value, with major socioeconomic consequences for developing countries, and even some rich ones.

It’s high time we considered some solutions.