All of the political hostility we see out there is, no doubt,largely driven by the economic environment. As the Rand slides away there is going to be more and more social stress. This may all resolve into the revolution that this country avoided. If that happens - the Rand will simply disintegrate...
why are you guys so scared of a weak rand? It is our economy's saving grace. If it was coupled with a high oil price, then I would be scared. But it has put SA into trade surplus - with exports exceeding imports. I fail to see how that can be negative? Put the ZAR at $17 and oil at $100 a barrel - then we have cause for concern.
it basically means online shopping from amazon is more expensive and holidays is more expensive that's why people are complaining. for us forex traders its fantastic news because our dollars are getting more rands, we can have a short lived moment as the wealthy.
The BWP is pegged to a basket of currencies, which operates using a crawling band exchange rate using the International Monetary Fund's special drawing rights (SDR) and the South African rand as reserve assets. INVESTOPEDIA