As South Africans focus on the health of former president Nelson Mandela, there is some speculation about what news of the anti-apartheid icon’s eventual loss might do to the South African economy.
Big news can move financial markets.
When Italian Prime Minister Sergio Berlusconi offered to step down in 2011, Italy’s markets responded positively. When U.S. President Barack Obama was re-elected last year, the U.S. dollar fell on the currency market.
As Nelson Mandela’s health …
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