Regaining investor confidence requires a narrative change

We cannot wish away the importance of foreign direct investment from the US and Europe because for now there's no alternative

21 May 2023 - 00:00

The past two weeks have been extraordinary for financial markets, the rand exchange rate in particular. It weakened, at one point, to R19.50 against the US dollar. What is apparent is that mostly domestic issues are at play, given we did not see the same sell-off in other emerging markets...

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