The last week was the most difficult period I can remember living through as an adult in SA. When a mass of people gathered at Nkandla protesting against the Constitutional Court’s order for the imprisonment of Jacob Zuma, we knew things were about to get difficult. Yet we were unprepared for the dystopian scenes of burning and looting in KwaZulu-Natal and parts of Johannesburg.

Given what we were going through with the latest and most vicious Covid-19 infection wave, last week felt like the final assault on our psyche. It felt unbearable. Yet the rand depreciated only 3.6% against the dollar and retraced those losses into the end of the week. The rand can be volatile at the best of times, yet it ignored the chaos. Why?..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now