#JunkStatus Strikes Again...
It has happened.
As long expected, the Rand was downgraded to #JunkStatus - but with some mitigation, as S&P dropped the guillotine, and gave SA a fat stamp of #JunkStatus
Rand bounces back from worst level of 2017
Another week dominated by politics slips by...
This one filled with more topsy-turvy movement, on the back of political unrest and further concerning decisions from President Zuma.
What is happening
Political Worries Weigh On The Rand
This was one of the more choppy and difficult weeks for importers, exporters and investors alike...
If you are just watching the news and events and trying to make decisions based
The Rollercoaster is Back with a Bang...Can the Rand Recover
The South African local currency has always made a habit of reversing trend when it was least expected.
And that is what makes the game of forex so interesting.
When
Understanding WHAT Moves Financial Markets - The See-Saw Analogy
What ACTUALLY moves financial markets?
It is a point of debate which seemingly will never end.
Economists will tell you it is a combination of economic, political and social events
Budgets and Shuffles...Rand Takes The Hit
Being a finance minister is all about growing the country's economy.
It is solutions to problems. Which in turn provides an environment to grow the country's economy. No matter how
Finance Minister Gigaba's Mid-Term Budget Speech
Generally, budget speeches, whether they are the yearly or mid-term ones, are a point of high interest in a country.
It is where the most crucial economic figures for the
Zuma shuffles the pack... and the Rand
Last time our esteemed Jacob decided to do the shuffle, we got some kind of warning that it was due to happen, with rumblings around Pravin Gordhan's safety.
This time
Comeback time for the Rand - but for how long...?
In true fashion, just when all hope is lost, the market takes a corner.
And the Rand showed it still had some fight in it, as it picked itself off
The Weak ZAR Continues...Is It Time to Secure YOUR Rands?
A new month, a new start.
But it did not seem to make any difference for the weakening ZAR.
As the week moved along, it seemed that the poor Rand was just
Rand loses 4% of value...what now?
The headline says it all..."Rand loses 4% of value...what now?"
A truly bruising week for the economy, as the Rand soared to touch over R13.71/$ - a level not been seen
SARS Tax Clearance Changes
Good news for South Africans looking to move money offshore!
SARS have removed the official requirement for private individuals to provide '3 Years of Annual Financial Statements' in order to obtain
Rand on Track, despite Hurricanes & Earthquakes, (no) Hikes & Scandals
Natural disasters, economic disasters and whipsawing financial markets...
The Rand was dealt further body blows this last week...and in so doing moved into our predicted target areas from last week -
Crypto-currency Mania…DotCom Bubble #2? | 19 September, 2017
19 September, 2017
Cryptocurrencies have burst onto the scene this year in no unmistakable way…
Bitcoin (the forerunner of all the crypto-currencies) has seen phenomenal gains the past few months of 393%
ZAR Crashes ... were YOU ready for it?
All good things come to an end, right?
That was the story of this week as the weight of all the negative news and economic events took its toll on the
Rand Hits 12 Week Best...But Can't Hold On To Gains
The United States is enduring a very difficult period...
Having just been hit with Hurricane Harvey, one of the most destructive hurricanes we have seen in quite some time...
...along comes an
Harvey to the ZAR rescue...and to USD's detriment
It was another week of building.
Not positive building, but building of tension globally, waiting for an explosion...
...as Hurricane Harvey raged through Texas
...and tensions rose toward to a crescendo between the
Is the USDZAR becoming a more stable market...?
All of us began the week with some trepidation as to what was coming next.
Despite some rocky ground, it had been a great couple of weeks for the ZAR.
Rand makes a swift recovery from Zuma-flu!
Well, well, well...who would have thought?
After a catastrophic previous week with Zuma surviving the #NoConfidence vote, all eyes were on the Rand to see the longer term effect.
And
Zuma dodges the bullet! But the Rand doesn't...
Can you believe it?
Zuma dodged the bullet again.
And the poor Rand just so happened to be standing right behind him, and was left no option but to take