Update: South Africa Stock Market

There was a time when South Africa was a shining light of continent. While it took a long time to bring apartheid to an end, the people made the compromises necessary to make it happen. It moved forward with modernizing its economy, giving people of all races a chance to make a go of it. But now, things do not look quite so rosy. If I may borrow a quote from Winston Churchill "It is a riddle, wrapped in a mystery, inside an enigma; but perhaps there is a key." The mystery is why anyone would want to follow the path of the Mugabe in Zimbabwe.  The pain and suffering of the people in that country is beyond belief. But it seems there is a strong move afoot to do just that. Since we have a suggested options position in the South African ETF, EZA we thought we should do an update in light of recent political events.

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