How the scorching political climate will likely affect the rand

The Money Show’s Bruce Whitfield interviewed George Glynos, Managing Director and Chief Economist at ETM Analytics.

Glynos discussed how the current political climate could affect the volatile rand.

Scroll down for quotes from the audio below.

It’s becoming increasingly difficult to tell fact from fiction.

George Glynos, Managing Director and Chief Economist at ETM Analytics

If we carry on like this a December downgrade is inevitable.

George Glynos, Managing Director and Chief Economist at ETM Analytics

The rand’s weakness is due to politics not economic fundamentals.

George Glynos, Managing Director and Chief Economist at ETM Analytics

Losses due to what happened in December is probably understated.

George Glynos, Managing Director and Chief Economist at ETM Analytics

The hidden costs associated with this political uncertainty is absolutely enormous!

George Glynos, Managing Director and Chief Economist at ETM Analytics

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Article brought to us by Old Mutual.

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