Rand now strongest in two years – Let see how long this surge will continue

The rand traded under R12 against the dollar Wednesday for the first time since May 2015. Dawie Roodt, chief economist at the Efficient Group, says it is outstanding news for the country and has several benefits. The rand improved to R11,95 last morning. Roodt says there are three main reasons for this. “Investors’ confidence against […]
Continue reading…

Enjoyed this post? Share it!

 
 

SAA Passengers Being Robbed On Flights to Hong Kong. Foreign Currency Taken but SA Rands not stolen.

Travellers are being warned about a mile-high syndicate operating on board flights to Asian destinations, alleged to  have netted stolen goods to the value of R6.5m in the last 9 months. Figures released by the Hong Kong police point to an increase in theft during flights that land in Hong Kong. Over the past five […]
Continue reading…

Enjoyed this post? Share it!

 
 

Rand nears R13/$ and hits R20/£ despite claims it is stabilising…

The rand came within a few cents of the R13/$ level in the late afternoon on Tuesday as US housing data indicated a stronger US economy‚ further supporting the case for a rate hike in the world’s largest economy this year. The dollar gained against the euro in response to the data‚ which sent emerging […]
Continue reading…

Enjoyed this post? Share it!