South African Rand Trims Gain as Jacob Zuma Survives

The video discusses the unexpected rally of the South African Rand despite political uncertainties surrounding Jacob Zuma's presidency. It highlights the influx of investments into emerging market (EM) currencies, driven by a search for yield in a low volatility environment. The video also examines the Rand's volatility and the potential economic impact of continued political instability in South Africa.

What is meant by a 'wall of money' in the context of emerging market assets?

In what ways is the political environment in South Africa described as volatile?