The Bombshell of our Finance Minister, Pravin Gordhan being charged with corruption led the Rand to retreat against currencies as well as raise bond rates for funding government debt…..
Today on EbizMoney , Andre discusses the fallout from these political machinations as well as the effect this will have both now and more importantly in Decemeber when our rating is up for review by Moodies and S&P.
We further discuss the events in the UK, where a ”hard” Brexit seems to be on the cards, this has sent the pound into a similar freefall as the rand. In the United States, as the odds of Hillary Clinton being President increase, so does investor confidence over the future direction of US economic policy.
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