‘Free-floating currency’ is SA’s best shock absorber as recovery starts

The key question on restarting the economy is what the shape of South Africa’s recovery curve will look like.

While many are hoping for a quick bounce back, realistically it is likely to be a slow recovery with shifted priorities given the unprecedented environment we find ourselves in.

In fact according to Investec, while the exact shape of recovery is uncertain, there will be no return to “normal”, we are likely to see some structural damage and more volatility across commodity and equity asset classes.