Investing in South Africa: Is it Worth the Risk?
Posted: Sat Aug 27, 2016 3:33 pm
This article was written by Idan Levitov, head analyst for anyoption.com.
The South African Economy in a State of Flux
Over the past month, the South African rand has endured a rollercoaster, starting at 0.0698 to the greenback, climbing as high as 0.0755, and then dropping to 0.0705. The 0.99% retreat in the ZAR/USD currency pair is par for the course with this volatile currency over such a short period of time. South Africa’s economy, like its beleaguered currency, is heavily dependent on the internal dynamics shaping the political spectrum.
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