waveguy

South African Rand in trouble

Short
OANDA:USDZAR   U.S. Dollar / South African Rand
The South African Rand appears to be in hot water.
Long term technicals point to a correction which underpins an ever weakening rand over the next few years.
The trend scores an obvious outflow of capital with low investment potential.

Perhaps its time to retire the good old 'gravy train'?

Good governance leads to strong investment. I wonder how that lesson can be learned.
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