News flash News Flash - Emerging Markets Retreat

News Flash – Emerging Markets Retreat

The rand lost 12.5% in a week, and the GDP number was expected to be +0.6 and came out at -0.7% in the midst of an Emerging Market sell-off. South Africa is now in a technical recession and to add to it SA recorded a gaping R4.6 billion deficit.  President Ramaphosa has reassured that this…