In a post-Brexit and Trump presidency world, coupled with a precarious political environment at home, South Africans can be forgiven for feeling jittery when it comes to their capital. Those seeking financial and investment safe havens may consider externalising their capital by selling rands and going offshore – if only to act as a hedge against our volatile currency – while others sit tight, hoping to ride out the rand’s rocky road into the New Year. While the consensus seems to be that going offshore is sensible, the more difficult decision – against current currency market volatility – is deciding when. Do not act emotionally Step back from the local and international drama and take a long-term view of the currency market instead of chasing short-term gains. As we head for the annual allowance deadline on December 31, here’s our roundup of what rocked the rand in 2016. A key highlight is its resilience against the dollar in the face of local and international adversity, somethin...
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