I have been following the story of BREXIT is some detail, because I believe it might have an effect on the Rand exchange rate. The final result of 52% voting to leave the EU didn't really worry me, but what did strike me as odd was the reaction of the British Government. I understand that the result of a referendum is not binding on the Government. Therefore I actually expected that this result would be regarded as a typical even distribution of opinions. Certainly not as a "shocking" revelation of the people's will. However, guess what? The British Government decided that the 4% difference between "leave" and "stay" is enough to merit a complete change of direction by leaving the European Union. That is a formidable decision to take and - in my opinion not to be taken so lightly. Certainly 4% difference is a very poor justification for such a devastating course of action You might wonder what these guys are smoking these days?