Lesetja Kganyago on emerging market sell-off

PUBLISHED: Fri, 21 Sep 2018 14:57:02 GMT

Emerging market currencies have extended their recovery against the dollar, following intense selling triggered by economic uncertainties in Turkey and Argentina. At one stage trader thought the rand would be the next currency to go into freefall, following in the steps of the lira and the peso. CNBC Africa’s Fifi Peters caught up with the governor of South Africa’s Reserve Bank, Lesetja Kganyago and ask how worried he was about the spill over effects of the emerging market contagion.

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