Another classy week from the Rand, showing its strength, as it traded in a small range, but holding strong once again.
A small range of 24c was all that separated the
This was the week. The week of all weeks. The long awaited (more than 9 years for some!) fall of President Zuma, as he finally admitted defeat and resigned as
In a whirlwind week, the Rand was really caught in the middle of a global thunderstorm...
However, a volatile few days only created a range of around 20c - surprisingly low...
What
Another week rolls by...
...and after making multi-year record lows in the past few weeks, it seemed as if the Rand had finally broken from its downward trend, and pushed
With the Rand momentum seemingly unstoppable, what is coming next as the incredible run continues...?
The Rand is booming. There is no doubt about it.
As we pushed through the
Well, who would have believed it...? We are into December already. Time sure has flown ... 2017 has been nothing short of a blur.
In fact, even this last week
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
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
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 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
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
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
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
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
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 -