According to Instinctif Partners, the rapid acceleration in the depreciation of the South African exchange rate in December 2015 has widely been seen as evidence of South Africa’s poor macro policy and ultimately a reflection of worsened foreign investor sentiment following the controversial changes at the National Treasury.

According to Instinctif Partners’ Africa Insight, the better part of a decade the narrative of ‘Africa Rising’ has become something of a buzzword in and around investment circles.