A very interesting piece and I commend you for it.

I think 10.62 on the Dollar Rand [It was interestingly a double top formation] represented the moment of maximum Zuma risk aversion and that moment was overlayed by the global flight back into the Dollar [now reversed and how].

The interesting complexity of President Zuma’s persona is also a narrative all of its own. However, I think his ability to reach deep into the hinterland of his different Audience’s is his strength and his political capital. And also it is much more sensible politically to set expectations low and then outperform them.

Nevertheless the GDP number was a sticker shock number and he has to deliver at a time when Global Economies are slowing rapidly.

What plays to South Africa’s advantage is this. The Chindia Africa trade axis tops $100b now and South Africa remains the gateway to the Southern part of SSA. I think we will find that Chindia will step into the breach, in the near term.

The $1.5b Eurobond also is the most accurate scientific barometer of Investor appetite for SA risk.

And I think Gold is set to slice through $1000.00 like a hot knife through Butter which will also support.

Thanking you
Aly-Khan Satchu
http://www.rich.co.ke
Twitter alykhansatchu