Investment case We recommend that investors buy a 3-month GBPZAR put option (price 2% of the investment amount). We expect that the turmoil in South Africa will fade out after the ANC party conference, and therefore that the current market reaction is strongly exaggerated. The economic indicators in the UK were boosted by the Olympic Games. Over the coming months the trend will point downwards. Investment case Buy a 3-month GBPZAR put option, strike 14.13 (spot ref. 14.13) Price 2% of the
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Buy a GBPZAR put option