Mr Lumkile Mondi advised Government not to interfere with the prevailing exchange rate management policy as the cost of the intervention could be high and the desired outcomes of a proposed intervention may not materialise as observed in Brazil and other emerging economies. Mr Mondi suggested that the Government's long-term strategy should be to develop the infrastructure of the entire Southern African region, both to improve access to regional resources and to develop a local market to pick up slack left by the lack of growth in the US and Europe. Mr Mondi further cautioned that instead of fighting the Rand's relative strength, South Africa should use the opportunity to import the capital components necessary to underpin growth in the region, such as railway engines and infrastructure components.