I think its a rand hedge and same is for some gold shares,
assumption Rand hits 20 to 1 dollar, the gold shares and platinum shares are unlikely to depreciate 30%...
risk- rand already priced in weakness and depreciates only to R18 contained and gold and platinum price drops 10 to 15 percent this week and reaches last year October levels by end of July.
not much you can do, by sasol shares, will get wacked if oil glut returns friday, MTN shares- loss of confidence in the share in USA; health and food shares perhaps. ......Mediclinic would be the share to buy; Aspen probably...
Not sure though, very very dicy...why....
We could get a reprieve and no decision with 6 months grace---Rand then will retrace to R14 and platinum and gold shares will find a new bottom