Economy

 

It’s still all about the US

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The local unit scored somewhat of a consolation goal on Friday (sorry Argentina fans), as global equities and EM markets ended the week stronger.

Eyes are still on the US though as June Fed minutes and job numbers will be out later this week. The data, coupled with escalating trade tensions between the US and China, could provide more volatility than the Spain vs. Russia penalty shootout.

On local shores, consumers are set to be hit with another sucker punch as the price of petrol is set to increase by 26c/litre. Combine this with higher municipal rates, taxes and electricity tariffs and you’ve got yourself an already overworked wallet. Have a great week and batten down the hatches if you’re in the Cape!

Latest Rates

USD/ZAR 13.83
GBP/ZAR 18.21
EUR/ZAR 16.09
ZAR/JPY 7.99
CNY/ZAR 2.07
AUD/ZAR 10.19
CHF/ZAR 13.95
AED/ZAR 3.76
SGD
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Rand creeps lower vs. EUR, USD and GBP

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While there’s been plenty of World Cup drama this week (mostly focused on VAR controversy) the rand has been having a less exciting few days.

But while ZAR hasn’t experienced a significant shift since the weekend, it has still edged lower against the US dollar, euro and pound.

Today’s high-profile US reports, including the nation’s trade balance and durable goods orders data, could have a modest impact on the rand, with upbeat data potentially undermining the emerging-market currency.

But we’ll also be looking ahead to tomorrow and the first South African data of the week. SA’s producer price index is expected to come in at 0.4% on the month and 4.3% on the year.

Latest Rates
USD/ZAR 13.54
GBP/ZAR 17.93
EUR/ZAR 15.80
ZAR/JPY 8.11
CNY/ZAR 2.05
AUD/ZAR 10.01
CHF/ZAR 13.67
AED/ZAR 3.68
SGD/ZAR 9.94
NOK/ZAR 1.
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#GoToOz? Australia giving special attention to fast-track humanitarian visas for white South African farmers

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Farm Murders

Australian Home Affairs minister Peter Dutton says white south african farmers deserves ‘special attention’ due to the ‘horrific circumstances’ they face in South Africa. He told the Daily Telegraph on Wednesday his department was examining a range of methods to fast-track their path to Australia on humanitarian or other visa programs.

South Africa’s new president, Cyril Ramaphosa, is pursuing legal changes to allow appropriation of farm lands without compensation for redistribution to black South Africans.
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What you need to know about Setting-up a business in Ireland

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Ireland promotes business growth and entrepreneurship with three different schemes for setting up your own business within its borders. If it has always been your dream to set up your business, then Ireland might be the place for you. The country is experiencing big economical growth and Ireland’s tax system has very good rates for businesses.

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Notes on Financial emigration: SARS and small expatriate fish

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Emigrating from South Africa is not as simple as packing up your bags, jumping on a plane and setting up shop somewhere else.

Unfortunately, there is still the issue of tax and no matter where you go, the taxman remains interested.
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The Rand stays strong, trades in a tight range

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The Rand has been buoyed by positive sentiment since last week’s Budget speech and rumours of a Cabinet reshuffle on the cards at the ANC National Executive Committee. Further support was expected during and after last night’s reshuffling of Malusi Gigaba and the reappointment of Nhlanhla Nene as Finance Minister.
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How to: Finding work in Dublin

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As Ireland’s capital and largest city, Dublin is a huge generator of jobs and attracts many foreign workers every year. Many foreign workers start here if their main motivation to move to Ireland is work, as it houses most of the country’s multinational companies.

Dublin’s economy
Dublin is a thriving city, contributing to a huge portion of Ireland’s total economy. The city supplies nearly
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25% OFF Global Flights: London, New York, Frankfurt, Zurich, Phuket, Bangkok… BOOK NOW!

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Qatar

Qatar Airways are offering amazing deals to global destinations. CLICK HERE TO BOOK NOW before tickets are taken.

Till when can I book? Until 28 Feb 2018

When can I depart? 21 Feb – 22 Mar 2018, 9 Apr – 20 Jun 2018 1 July – 10 Dec 2018

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Considering working in Ireland, here is what you need to know

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If you would like to work in Ireland and are not a citizen of the EU or European Economic Area, then you will need to apply for a work visa. There are four main types of employment permits: General Employment Permit (formerly Work Permit), Critical Skills Employment Permit (formerly Green Card), Dependent/Partner/Spouse Employment Permit, and Reactivation Permit.

There are also five more that are more specific, but which may apply to your circumstances. Ireland also has a Working Holiday Visa programme for a few reciprocal nationalities.

EU and European Economic Area citizens
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What is the best way to transfer money in 2018?

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When it comes to moving money back to South Africa, the costs can become substantial as well as complicated. The wide range of exchange rates and transfer fees available from different services only make the process even more confusing.

Thankfully, there are ways to make the process both simpler and more cost-effective when it comes to both regular money transfers or large one-off payments.

Where do I find the best deal?
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