Ciaran Ryan on SAFM talking with Nompu Siziba on the surge in demand for Krugerrands

Written by Ciaran Ryan. Posted in Journalism

Ciaran Ryan talks to Nompu Siziba on SAFM on the massive spike in demand for Krugerrands during the Covid lockdown as investors seek refuge against uncertainty. But the story of this surging demand goes back much further, to the ill-fated appointment of Des van Rooyen as finance minister in 2015 – an appointment that lasted little more than a weekend, and drove the rand into the sewer. Van Rooyen was obviously a tame political appointment brought in to replace a less pliable Nhlanhla Nene. This did wonders for Krugerrand demand.

Ciaran Ryan

The Writer's Room is a curated by Ciaran Ryan, who has written on South African affairs for Sunday Times, Mail & Guardian, Financial Mail, Finweek, Noseweek, The Daily Telegraph, Forbes, USA Today, Acts Online and, among others. In between he manages a gold mining operation in Ghana, and previously worked in Congo. Most of his time is spent in the lovely city of Joburg.