Marcus was pressured to increase the rate by other EM markets. The economy does not warrant it.
It will be a total mess for EM Markets if FED taper today. Their rate hikes wont work. Traders can see desperate central bankers easily.
Remember 1992 when the pound crashed. BOE tried everything until they ran out of reserves to make the pound stronger.
The pound crashed, and George Soros made 1billion pounds on one single trade betting against BOE
I will not be buying South African consumer stocks anytime soon. Retail stocks with South African operations fill the pressure now.
Good luck with paying for your house, car and starting small business.
I can see ALSI dropping past 39000 soon. I would just say sell every rally. Don't buy this market.
Use money management and place shorts at intervals on rallys. Within 3 months you will tank me.
South Africa is surely in a recession now.