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IMF warns global shocks drive capital flight from emerging markets like South Africa

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 The International Monetary Fund (IMF) has released its latest Global Financial Stability Report, with particular focus on the capital flows going in and out of emerging markets, like South Africa. The IMF notes that global shocks, such as the current geopolitical tensions in the Middle East, do adversely affect emerging markets in terms of their ability to retain capital investors in their markets. This, as some investors tend to take flight to what are considered safe-haven assets, like Gold, the US dollar and the Swiss Franc, for example. This report by Nompumelelo Siziba...

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