Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

bs-regular
bs-extra-light
bs-light
bs-light
bs-cond-light-webfont
bs-medium
bs-bold
bs-black

Community


Share knowledge. Ask questions. Find answers.

Online Share Trading

Engage and learn about markets and trading online

ouch the Rand

Reply
SimonPB
Valued Contributor
almost hitting 18, now 16.72
0 Kudos
Reply
23 REPLIES 23
THRESHOLD
Super Contributor
And nowhere to hide - the stock market looks shocking. Still - at least quality offshore exposure should come back in dollar terms over time. The Rand, I fear, is toast!
0 Kudos
Reply
THRESHOLD
Super Contributor
We actually went through 18 to the EURO.
0 Kudos
Reply
koos2
Super Contributor
close yer eyes und think of england
0 Kudos
Reply
koos2
Super Contributor
That what i said this morning when changing ze nappy of me second born.
0 Kudos
Reply
Not applicable
This is getting really scary. Not only the fact that it has depreciated that much already, but also the rate at which this is happening is frightening.
0 Kudos
Reply
THRESHOLD
Super Contributor
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...
0 Kudos
Reply
koos2
Super Contributor
did you just turn into a prepper? Anyhoo, just dont get caught in crowds und you should be fine.
0 Kudos
Reply
THRESHOLD
Super Contributor
Always been a "prepper". Just so difficult letting go..
0 Kudos
Reply
kwagga
Super Contributor
If you hate gold, then sorry for you. Better wait this one out.
0 Kudos
Reply
Not applicable
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.
0 Kudos
Reply
kwagga
Super Contributor
Because ZAR*(Grain imports + Maize imports)=Social unrest.
0 Kudos
Reply
THRESHOLD
Super Contributor
It is just a buffer. It is reducing the pain in the commodity counters. We have nothing to export and we cannot attract capital to establish industry due to the hostile environment. Add to this that we are in a sever drought and need to import our food and pay for out burgeoning civil service and social grants bill. Here's an interesting read: http://www.economist.com/news/finance-and-economics/21685489-big-currency-devaluations-are-not-boost...
0 Kudos
Reply
kwagga
Super Contributor
...and who do you think is going to take the blame when that social unrest start ? Keywords in no special order "apartheid", "minorities", "transformation". You follow......
0 Kudos
Reply
The_Trader
Frequent Contributor
I think we'll get more value for money if we replace the rand with the Krugerrands or even depeg the orania ora from the rand and start trading with that.
0 Kudos
Reply
orange68
Super Contributor
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.
0 Kudos
Reply
Wizard
Super Contributor
It's time to peg the Rand to the dollar.
0 Kudos
Reply
Not applicable
name me one economy - globally - past or present - that has successfully managed to do that
0 Kudos
Reply
Wizard
Super Contributor
Lots of countries have pegged. In the case if Zim they were forced to use another currency(extreme case). Stable Rand would be beneficial for us.
0 Kudos
Reply
suki
Super Contributor
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
0 Kudos
Reply