A calm surface...but turmoil underneath.
The gains of the Rand over the last week are a welcome relief to many who had seen their wealth getting sliced into smaller and
Sentiment reaches an extreme...and then the tables turn.
As per popular belief, the Rand went rushing onwards in the first half of this week. It weakened significantly, moving into the
#JunkStatus, Downgrades, Protests, #ZumaMustFall, and more…
....just another week of South African politics and economics.
There was no lack of action this week, and the retaliation from Zuma’s actions reached
JZ has done it ... again ... and more
Always with a self-serving trick up his sleeve...
...and always a Rand #CrashFlash around the corner.
This week was the one
This past week was nothing short of a blitzkrieg.
An annihilation.
But not the type we have come to know over the years with the USDZAR...
...for once, it was
Well...
Where do we even start reviewing a week like this?
In perhaps one of the most startling turnarounds of the year, the Rand pulled off a heist of note,
A week which began so well for the Rand...
...and then it all fell down in a heap.
The past few months have seen consistent strengthening for the Rand, leading
A week which was neither here nor there...
...but more than enough see-saw activity to provide some headaches for those with a forex exposure.
With positivity still booming, many were
So...
Over the last couple of days, I warned you as to how:
Bank's are literally robbing most people every day on forex transfers...
And then how SARS is
Yesterday we looked at how bank's are likely robbing you for transferring funds offshore.
BUT...
There is more to it. More frustration.
More problems.
More cost.
A lot of people