Witkop Posted October 23, 2012 Share Just as the Rand started a short run of stability after the strikes, EISHKOM decided to ask for an increase of electricity tarrifs and "oops we did it again" the rand goes into a freefall. IS there a conspiracy to get the rand to 10 to the US$1 by Christmas? Link to comment Share on other sites More sharing options...
Kranswurm Posted October 23, 2012 Share Just as the Rand started a short run of stability after the strikes, EISHKOM decided to ask for an increase of electricity tarrifs and "oops we did it again" the rand goes into a freefall.IS there a conspiracy to get the rand to 10 to the US$1 by Christmas? Link to comment Share on other sites More sharing options...
ss_quassie Posted October 23, 2012 Share The goverment must be looking to sell some US$. Wez-O 1 Link to comment Share on other sites More sharing options...
Wayne Booysen Posted October 23, 2012 Share It's simply a vicious economic circle! If the rand weakens exporters make more money and importers up their pricing. Visitors pay less for their holiday and travellers pay more. Link to comment Share on other sites More sharing options...
GoLefty!! Posted October 23, 2012 Share ****ing Eishkom. Their board just rakes in the cash while the tax paying citizen coughs up and keeps the economy going. gummibear 1 Link to comment Share on other sites More sharing options...
M L Posted October 23, 2012 Share I feel very sorry for the okes going overseas this December. The exchange rate will at least increase our GDP, and lots of tourists will be coming to SA this holiday. Going to be dirt cheap for them. Link to comment Share on other sites More sharing options...
gummibear Posted October 23, 2012 Share Just as the Rand started a short run of stability after the strikes, EISHKOM decided to ask for an increase of electricity tarrifs and "oops we did it again" the rand goes into a freefall.IS there a conspiracy to get the rand to 10 to the US$1 by Christmas? Maybe the amended info act isn't such a bad idea then. Link to comment Share on other sites More sharing options...
Selous Scout (aka LegTrap) Posted October 23, 2012 Share The $/ZAR will not go to 10,0000 by year end,that you can put your money on lol.You will probably see a trading range of 8,40 to 9,20. This still makes offshore travel etc expensive whilst foreigners will have a cheap holiday. On the one hand the exporters love these levels but on the other,importers obviously cry.Our petrol price is therefore rather vulnerable to an increase again. In simple terms,due to the difference in interest rates between ourselves and most of our trading partners,the ZAR should weaken over a period of time. It is still good to have some money invested offshore. Link to comment Share on other sites More sharing options...
urbanroyal Posted October 23, 2012 Share And CRC prices goes through the roof..... YUMEYA 1 Link to comment Share on other sites More sharing options...
DJR Posted October 23, 2012 Share And CRC prices goes through the roof.....I have to confess that it is all my fault that the rand is going South. I looked and started to think about ordering from CRC, that was enough. I promise not to go near CRC for the next little while, so you can expect the Rand to strengthen considerably. Link to comment Share on other sites More sharing options...
Mellow Posted October 23, 2012 Share buy gold stocks Link to comment Share on other sites More sharing options...
GrumpyOldGuy Posted October 23, 2012 Share It's simply a vicious economic circle! If the rand weakens exporters make more money and importers up their pricing. Visitors pay less for their holiday and travellers pay more. In a perfect world Yes I would agree, but SA is far from perfect unfortunately, and as our figures clearly show we are importing substantially more than we export, especially now with the labour unrest, so in general a drop in our currency impacts the average citizen quite dramatically. Of course one of our biggest imports is oil and one that effects us the most, so also expect fuel to rise again next month, with the resultant increases this brings to ones daily cost of living, and you can immediately see a stable currency at fair levels is extremely important. Edited October 23, 2012 by GrumpyOldGuy Link to comment Share on other sites More sharing options...
Big H* Posted October 23, 2012 Share Considering expat again!!!!!! Link to comment Share on other sites More sharing options...
tunariaan Posted October 23, 2012 Share don't buy gold stocks , buy goldGlad i am working abroad at the moment, at least i can smile a bit with some things Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now