Cruxpearl Posted October 6, 2008 Share Rand has dropped 5% of Value since 08:00 this morning, and still dropping!!!!We are going to PAY dearly for imported stuff!!!!EINA!!!!!!! Link to comment Share on other sites More sharing options...
Evan Andreou Posted October 6, 2008 Share Sadly the currency devaluation is not helping the JSE one little bit with most indices down by 5%+ Link to comment Share on other sites More sharing options...
Contaminated Haggis Posted October 6, 2008 Share Economists can only tell you why something happened, not prevent it from happening. Link to comment Share on other sites More sharing options...
Evan Andreou Posted October 6, 2008 Share On the bright side Brent crude oil is $85.68 Link to comment Share on other sites More sharing options...
NotSoBigBen Posted October 6, 2008 Share On the bright side Brent crude oil is $85.68 But I assume (Yeah I know ....) that brent's crude stuff going down with the ZA rond going up will negate that and we still end up paying the same if not more for our juice Link to comment Share on other sites More sharing options...
Evan Andreou Posted October 6, 2008 Share On the bright side Brent crude oil is $85.68 But I assume (Yeah I know ....) that brent's crude stuff going down with the ZA rond going up will negate that and we still end up paying the same if not more for our juice You are sadly correct BB, hopefully this is a short term volatility on the currency and will not have a long term effect Link to comment Share on other sites More sharing options...
Guest Big H Posted October 6, 2008 Share I am eyeing it very carefully. The moment it looks like dropping back I will transfer some of my US$$$$!!!!!! I want to buy a flat and a bakkie when I visit in November. This rise could be helping me a lot. Link to comment Share on other sites More sharing options...
VincentBikes Posted October 6, 2008 Share I wish the polotical analysts would stop talking because everytime the wind starts blowing 5mph faster in texas or a potential political crisis could happen in the middle east either the rand drops or the oil price goes up. Link to comment Share on other sites More sharing options...
MtBryda Posted October 6, 2008 Share Will have to see if the market rallies before the close but at the moment it is in a turmoil.FTSE JSE/Africa Index Series%MINING24,286-1,766.74-7.27TOP 4019,379-1,144.47-5.91MID CAP26,429-1,119.20-4.23SMALL CAP24,638-652.28-2.65ALL SHARE21,462-1,216.41-5.67FLEDGLING3,907-107.35-2.75RESOURCE 2038,127-2,647.87-6.94INDUSTRIAL 2516,395-787.94-4.81FIN 156,431-356.04-5.54FIN INDU20,248-1,032.23-5.10CONM70-3.89-5.53 World Info2008/10/06 13:35:00%BRENT SPOT91.05-3.93GOLD $857.352.70PALLADIUM $1982.06PLATINUM $9641.47R153 13.00%*9.560.00RAND/EURO11.821.58RAND/POUND15.322.11RAND/US$8.692.55SILVER $11.362.43US$/EUR1.36-1.56US$/POUND1.76-0.80YEN/US$103.13-2.06 Link to comment Share on other sites More sharing options...
Tromps Posted October 6, 2008 Share I wish the polotical analysts would stop talking because everytime the wind starts blowing 5mph faster in texas or a potential political crisis could happen in the middle east either the rand drops or the oil price goes up. This, I fear, is all to do with the ANC's political "tare" in the party's top brass. Link to comment Share on other sites More sharing options...
pastapouch Posted October 6, 2008 Share So, whats the problem with the Rand freefalling. The Citizen newspaper reports that the economy is going strong. So says some minister... Link to comment Share on other sites More sharing options...
Mark Posted October 6, 2008 Share Weak rand means that our exporters can start smiling again. As long as it does not go to far I think its good for the economy. Link to comment Share on other sites More sharing options...
Man with no name Posted October 6, 2008 Share I see OPEC asked its members to restrict supply in order to get Brent Crude back to $ 100!? So much for free financial markets. I dont know why they are worried about demand? All the trailor trash are moving out of their new homes back into their petrol-fueled trailers and will getting around more ("Watch this ya-all") Link to comment Share on other sites More sharing options...
Piernas Flacas Posted October 6, 2008 Share Relax, we'll benefit from the exports. Link to comment Share on other sites More sharing options...
Guest Big H Posted October 6, 2008 Share I see OPEC asked its members to restrict supply in order to get Brent Crude back to $ 100!? So much for free financial markets. I dont know why they are worried about demand? All the trailor trash are moving out of their new homes back into their petrol-fueled trailers and will getting around more ("Watch this ya-all") Did we not have the much read and commented "Price Fixing" thread a while back?????? ....... oh sorry my mistake!!!!!!!! ....... it was not the "trailor trash" moaning and bitching..... it was the well to do cyclists bitching and moaning about their carbon framed bicycles with lightwaight brakes that may cost more!!!!!!!!! Link to comment Share on other sites More sharing options...
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