South African Markets Reeling From Gordhan Probe

The transcript discusses the challenges and risks associated with investing in emerging market currencies, particularly in the context of political events in South Africa. It highlights the inexperience of some asset managers in dealing with such volatility and the broader implications for South Africa's credit rating and national budget. The discussion also touches on the potential impact of the Federal Reserve's actions on the FX market, with a focus on the upcoming Jackson Hole meeting.

What are the potential consequences of a national budget being flooded in South Africa?

In what ways can complacency impact investment decisions in volatile markets?