Last week we spoke to an economist for about five minutes to explain what it means when a currency is devalued. It was one of those issues one picks up during the market update with no real explanation. Interestingly, Michael Kruger who is an investment analyst at Morningstar Investment Management SA penned an article where he picks up on how the level of the rand is being used to paint a picture of the country’s economic state. There are just so many debates around this issue that sometimes makes one wonder where people like Moody’s and so on fit into the equation and how also Eskom affects how the rand trades. To make sense of all of this, w

GUEST: Michael Kruger - Investment analyst at Morningstar Investment Management SA