Rand at 7

[SimonPB]

do I hear 6 ?? http://ow.ly/2EbFT

[barry_1]

unfortunately yes at least 6.80 to the dollar

[striker]

...problem is the stronger it goes,the more jobs will be shed.Davies from the DTI believes Rand has got to be around 8.50 to 10.00 for local industry to be competitive and create jobs.

[#4]

Davies should pull his head out his ass & reduce the red tape obstructing business (CIPRO et al) & take this opportunity to encourage SA businesses to become more competitive rather than take a populist viewpoint on the currency.

[koos2]

Yes, I want a stable and predictable trading range for the Rand. Like the last year. Cuts out all the ifs , whens and maybes. a Stable , predictable Rand unfortunately doesn't give you a straw man to hide behind when you are not rated on merit.

[Wizard]

6...pushing it a bit too much I reckon

[SimonPB]

wizard .. maybe, but they said that about 7 .. point is there is a speeding train .. you can stand in front of it, or hop on board ??

an here's the lesson from the 7.02 level of yetsreday .. COSATU and Vavi was talking just as the Rand was powering stronger, yet everybody says the COSATU thinking is bad for our markets, what will international invetors think etc .. except as he was talking international investors were piling into our country, viz the stronger Rand .. bottom line, they don;t care .. all they want is a risk adjusted return ..

[striker]

... Simon ,same thread again - those are'nt the 'investors' we need. They are yield seekers, not FDI investors. Their parked money will not build industries and create jobs - unemployment along with it's side effects is the biggest problem we face, and it is not being addressed !

[SimonPB]

ya boet .. you can't choose your relatives and you can't choose your investors .. but thing is they do bring hard cash .. further in last weeks MPC the gov commented that the profile of investor coming into SA is changing, with more pension funds etc. and their money is decidely less hot, albeit still not FDI ..

[Wizard]

There has been a general levelling of the curve. It took 3-4 months to get to the current levels from R8 and since then nothing has happened.which has been exactly 1 year. And the 200 EMA has been revisited. So somehow that momentum in general is no longer there. That's my point.