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2018-03-01_USDZAR

USDAZAR Monthly Price Chart – The South African parliament vote to expropriate white farmers without compensation opens the door to runaway monetary inflation and the demise of the Rand currency. We expect to see the USDZAR correction to have ended here and the ZAR to massively depreciate in the coming months or even years similarly to what happened before in Zimbabwe. This autocratic decision signs the death knell of the SA economy if it is not rapidly reversed and buying the USD (or any robust currency) against the ZAR should be a winning proposition despite the elevated interest paid by the South African currency.

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