Load-shedding hammers the rand

  • Thread starter Thread starter Bloomberg
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Bloomberg

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Load-shedding hammers the rand

The rand weakened to its worst level in three years, and yields on local-currency bonds rose as South Africa’s continuing energy shortage and deteriorating economic outlook intensified concern among investors.
 
This is exactly why one's investment/retirement portfolio needs to have a decent amount of offshore exposure (hedge against currency devaluation).

I started less than 1 year ago and even with US stocks taking a hammering it's still a safer bet than keeping all one's eggs in South Africa.

Screenshot_20230511_063622_EasyEquities.jpg
 
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