And the ZAR is taking it up - providing relief to all those that panicked. Just a nice hedge at a 20% discount (with potential growth) against the mess that passes as South Africa's government. Under these circumstances - the management can be forgiven all faults... as predicted.
Sure - but in the long term - I can't see a future for the ZAR. Her you get to buy a basket of currencies (mainly USD) at a 20% (less now) discount. With potential growth and with the kicker of being the only such product (that I am aware of at least) n our market. If the ZAR spins out - shares like this could run ay beyond NAV as a safety play (like bonds on negative implied yield.)