South Africa’s recent history clearly illustrates how political volatility and uncertainty can ricochet in the financial arena, with predictability becoming the art of the unknown.
The ongoing volatility that rattled stocks and investors globally since last Friday, have one consequence in common: continued uncertainty.
In the wake of the recent ratings downgrades, a whopping budget deficit and the upcoming ANC national conference, one word sums up SA at the moment: uncertainty.
If you read the press or listen to the radio, you will invariably hear investment professionals talking about how important it is to “diversify”. But what does this mean?