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Alec Hogg: Rand recovery in perspective
BizNews founder Alec Hogg shares his rational perspective on the South African rand and its recovery over the past five years.
Yesterday was the fifth anniversary of the beginning of the end for the Zuma kleptocracy.
On 13 December, 2015, previously ejected Pravin Gordhan was re-appointed South Africa's minister of finance as a consequence of the Nenegate disaster. The exchange rate – which had lost half its value in a few weeks – started a recovery that lasted two years. The financial world realised what Zuma and the Guptas did not – their audacious attempt to capture National Treasury was their great over-reach.
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