Lesetja Kganyago: South Africa Prepared Itself for Brexit

The video discusses the market's misjudgment of Brexit's impact, focusing on South Africa's preparedness and resilience. It examines the economic implications of Brexit, including interest rates and trade relations. The global fallout from Brexit is highlighted, with emphasis on South Africa's economic resilience and growth outlook. The video also addresses South Africa's political risks, emphasizing its strong democratic institutions and credit fundamentals.

What was the market's initial expectation regarding Brexit before the referendum?

• A financial crisis

• No Brexit outcome

• A Brexit outcome

• A smooth transition

How did South Africa prepare its financial system for potential Brexit shocks?

• By increasing interest rates

• By seeking international loans

• By reducing exports

• By conducting stress tests

What percentage of South Africa's exports go to the UK?

• 15%

• 20%

• 4%

• 10%

What is the main concern for South Africa regarding the global fallout from Brexit?

• Impact on local elections

• Direct trade loss with the UK

• Increase in interest rates

• Global market shockwaves

What is highlighted as a strength of South Africa's democracy?

• Its international alliances

• Its political stability

• Its vibrant and resilient institutions

• Its economic growth