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After showing initial strength earlier this year, the rand has lost all its gains and then some, and is currently weighing in at its weakest level in over two years.
Boris Johnson’s resignation triggers a leadership contest for the Conservative Party and premiership that is unlikely to be settled before the autumn. This leaves a lengthy period of uncertainty over the direction of the country and economy.
With South Africans learning to live with the current cycle of stage 6 loadshedding, many believe the ongoing power cuts to be the antagonist behind the weak rand. However, according to treasury experts, loadshedding is merely a small contributor to a far greater picture.
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?