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Meet The 3 Brothers That Are Ruining South Africa

April 10th, 2017 · No Comments

  • South Africa enjoyed a period of solid economic performance in the decade up to the financial crisis.
  • After that, things have deteriorated, and recent revelations have brought to light a disturbing level of government capture by three Indian brothers behind the President.
  • It will be difficult to turn things around before the elections scheduled for 2019. South Africa could turn populist before then.
  • Bonds and the currency will likely suffer more. Stocks could do considerably better.

Meet The 3 Brothers That Are Ruining South Africa | Seeking Alpha

Tags: Emerging Markets