13/08/18

South African Rand Flash-Crashes 10% As Turkey Contagion Spreads



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South African Rand Flash-Crashes 10% As Turkey Contagion Spreads
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Amid increased anxiety over Ramaphosa's white farmer land confiscation and reports of a $4.2 billion bailout of state-owned enterprises, the Emerging Market rout in Turkey has sparked a collapse in the Rand in early Asia trading.

The Rand crashed 10% against the dollar almost instantaneously as Asian FX markets opened...

Looks like Ramaphosa top-ticked it...

As Simon Black warned back in March, when Ramaphosa to push for the constitutional change required to confiscate white farmers' lands, this would ....

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