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 -
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
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