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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link="#0563C1" vlink="#954F72"><div class=WordSection1><p class=MsoNormal><span style='font-size:10.5pt;font-family:"Helvetica",sans-serif;color:#141823;background:white'>Based on the argument presented here by Brian Kantor, SANLiC members should expect the Rand to continue to depreciate against the Dollar (and other major currencies) at a rate of 7% per annum over the next ten years. Unless library budgets increase in Dollar terms at the same rate, SANLiC member libraries will be forced to continue to reduce their collections over the next decade. Unless of course, if publishers realise that their high and ever increasing prices are unsustainable and begin to reduce their prices in order to match the drop in demand.<o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.5pt;font-family:"Helvetica",sans-serif;color:#141823;background:white'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:10.5pt;font-family:"Century Gothic",sans-serif'><a href="http://www.biznews.com/sa-investing/2016/03/16/brian-kantor-knocking-sarbs-door-worry-economy-not-inflation/">http://www.biznews.com/sa-investing/2016/03/16/brian-kantor-knocking-sarbs-door-worry-economy-not-inflation/</a> <o:p></o:p></span></p><p class=MsoNormal><span style='font-size:10.5pt;font-family:"Century Gothic",sans-serif'><o:p> </o:p></span></p><p class=MsoNormal><b><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif;color:#1F497D;mso-fareast-language:EN-ZA'>Ina Smith<o:p></o:p></span></b></p><p class=MsoNormal><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif;color:#1F497D;mso-fareast-language:EN-ZA'>SciELO Planning Manager<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif;color:#1F497D;mso-fareast-language:EN-ZA'>Academy of Science of South Africa (ASSAf)<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif;color:#1F497D;mso-fareast-language:EN-ZA'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif;color:#1F497D;mso-fareast-language:EN-ZA'>LIASA Exco Convener ICT Development (2014-2016)<br>LIASA HELIG Chair (2014-2016)<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif;color:#1F497D;mso-fareast-language:EN-ZA'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif;color:#1F497D;mso-fareast-language:EN-ZA'>Switchboard: +27 12 349 6600 <o:p></o:p></span></p><p class=MsoNormal><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif;color:#1F497D;mso-fareast-language:EN-ZA'>Tel: +27 12 349 6641 <o:p></o:p></span></p><p class=MsoNormal><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif;color:#1F497D;mso-fareast-language:EN-ZA'>Fax: +27 (0) 86 576 9512<o:p></o:p></span></p><p class=MsoNormal><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif;color:#1F497D;mso-fareast-language:EN-ZA'>Email: </span><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif'><a href="mailto:ina@assaf.org.za"><span style='color:#0563C1;mso-fareast-language:EN-ZA'>ina@assaf.org.za</span></a></span><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif;color:#1F497D;mso-fareast-language:EN-ZA'> <o:p></o:p></span></p><p class=MsoNormal><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif;color:#1F497D;mso-fareast-language:EN-ZA'><o:p> </o:p></span></p><p class=MsoNormal><span style='font-size:12.0pt;font-family:"Times New Roman",serif;color:#1F497D'><img border=0 width=565 height=87 id="Picture_x0020_1" src="cid:image001.jpg@01D19B11.64AACEC0" alt="20 years signature"></span><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif;color:#1F497D;mso-fareast-language:EN-ZA'><o:p></o:p></span></p><p class=MsoNormal><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif;color:#1F497D;mso-fareast-language:EN-ZA'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif;color:#1F497D;mso-fareast-language:EN-ZA'>1st Floor Block A, The Woods, 41 De Havilland Crescent, Persequor Park <o:p></o:p></span></p><p class=MsoNormal><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif;color:#1F497D;mso-fareast-language:EN-ZA'>Meiring Naudé Road, Lynnwood 0020, Pretoria, South Africa. <o:p></o:p></span></p><p class=MsoNormal><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif;color:#1F497D;mso-fareast-language:EN-ZA'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif;color:#1F497D;mso-fareast-language:EN-ZA'>PO Box 72135, Lynnwood Ridge 0040, Pretoria, South Africa. <o:p></o:p></span></p><p class=MsoNormal><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif;color:#1F497D;mso-fareast-language:EN-ZA'><o:p> </o:p></span></p><p class=MsoNormal><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif;color:#1F497D;mso-fareast-language:EN-ZA'>Website: </span><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif'><a href="http://www.assaf.org.za/"><span style='color:blue;mso-fareast-language:EN-ZA'>www.assaf.org.za</span></a></span><i><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif;color:#1F497D;mso-fareast-language:EN-ZA'> </span></i><span lang=EN-ZA style='font-size:10.5pt;font-family:"Century Gothic",sans-serif;color:#1F497D;mso-fareast-language:EN-ZA'><o:p></o:p></span></p><p class=MsoNormal><o:p> </o:p></p></div></body></html>