Real Estate Investor Magazine South Africa Dec/Jan 2016/17 | Page 61

• September - The Rand strengthens on the back
of good GDP figures. #FeesMustFall protests get
nasty with violence and destruction.
• October - Gordhan is now summons by the
NPA to appear in court - the Rand loses a further
4%. Gordhan implicates Gupta’s in court papers.
On 31st the NPA announces that Gordhan is off
the hook, and the Rand breaths a sigh of relief.
• November - State Capture report is released,
implicating Zuma, the Guptas and several others.
The Rand hits its best levels in over a year. Trump
wins US Elections in Brexit-type style, shocking
markets. The Rand weakens dramatically. As
month end draws near, the country breathes a sigh
of relief and Fitch and M