Nationalisation of the South African Reserve Bank and quantitative easing (a euphemism for printing money) are causing chaos in the markets. What does this mean for the Rand and the economy?
There are three scenarios, says Russell Lamberti, strategist at ETM Macro Advisers and author of When Money Destroys Nations, a book on the reasons and course of hyperinflation in Zimbabwe. In this special podcast Piet le Roux, Sakeliga CEO, talks to Russel about his three scenarios. The discussion deals with the red flags we should watch out for – and how to protect one’s business against such political risk.