Big drop in the rand coming soon - Analyst

J

Jamie McKane

MyBroadband Journalist
Joined
Mar 2, 2016
Messages
7,000
Reaction score
1,008
Big drop in the rand coming soon - Analyst

South Africa’s rand is most vulnerable to the rise in U.S. Treasury rates among its emerging-market peers, according to Morgan Stanley, which predicts further weakness for the battered currency as the country’s finances deteriorate.

The rand may decline about 6 percent to 15.50 per dollar in the run-up to the medium-term budget statement on Oct. 24, Morgan Stanley strategists including Min Dai wrote in a report.

[Bloomberg]
 
Jamie McKane said:
Big drop in the rand coming soon - Analyst

South Africa’s rand is most vulnerable to the rise in U.S. Treasury rates among its emerging-market peers, according to Morgan Stanley, which predicts further weakness for the battered currency as the country’s finances deteriorate.

The rand may decline about 6 percent to 15.50 per dollar in the run-up to the medium-term budget statement on Oct. 24, Morgan Stanley strategists including Min Dai wrote in a report.

[Bloomberg]
Click to expand...
Please do not retrench or increase your prices™
 
Some businesses are using this opportunity to suppress salary increases and increase profit margins.
 
ForceFate said:
Some businesses are using this opportunity to suppress salary increases and increase profit margins.
Click to expand...

If you're not happy move, a job is not a privilege or right. If your employer fscks you over sell your skills elsewhere.
 
ForceFate said:
Some businesses are using this opportunity to suppress salary increases and increase profit margins.
Click to expand...

If it was your company and you had to grow it, also perhaps reward investors to ensure future growth and necessary capital to expand - in order to pay your workers salaries and increases - what would you have done?

Or, are you one of those who believe companies just rake in billions, have no expenses and are too stingy to share profits with staff?

Because, in times like these, any successful company in the world will suppress increases, limit new employment and even consider retrenchments in order to maximize profits under difficult conditions.
 
ponder said:
If you're not happy move, a job is not a privilege or right. If your employer fscks you over sell your skills elsewhere.
Click to expand...
Visser said:
If it was your company and you had to grow it, also perhaps reward investors to ensure future growth and necessary capital to expand - in order to pay your workers salaries and increases - what would you have done?

Or, are you one of those who believe companies just rake in billions, have no expenses and are too stingy to share profits with staff?

Because, in times like these, any successful company in the world will suppress increases, limit new employment and even consider retrenchments in order to maximize profits under difficult conditions.
Click to expand...

What are you on about? I merely stated what's happening, that's all.
 
ForceFate said:
What are you on about? I merely stated what's happening, that's all.
Click to expand...

Yes this happens, life is not fair. People are responsible for their own destiny at the end of the day. That's life...

If you want want a job for life go work for the government, they might steal your pension though.
 
Last edited:
If only the Rand could stay under 15 to the dollar until Black Friday.
 
ForceFate said:
Some businesses are using this opportunity to suppress salary increases and increase profit margins.
Click to expand...
Remember that a business can choose to increase profits to its investors before looking at the well-being of their employees. In that instance it chooses to be ignorant of labor laws and you should familiarize yourself with those affecting you as an employee before confronting them about it otherwise you're dead in the water.
 
Ryansr said:
Remember that a business can choose to increase profits to its investors before looking at the well-being of their employees. In that instance it chooses to be ignorant of labor laws and you should familiarize yourself with those affecting you as an employee before confronting them about it otherwise you're dead in the water.
Click to expand...

Which is precisely what I posted. Employers don't owe anyone anything beyond what's in the employment contract and various house agreements (if they have these). I made no mention of this being the situation I'm in (just to clear things up).

Labour laws don't prescribe minimum annual increases. These are between the employer and employees (or employee representatives).
 
ForceFate said:
Which is precisely what I posted. Employers don't owe anyone anything beyond what's in the employment contract and various house agreements (if they have these). I made no mention of this being the situation I'm in (just to clear things up).

Labour laws don't prescribe minimum annual increases. These are between the employer and employees (or employee representatives).
Click to expand...


The bold part. Our company has not given above 3% for the last 5 years. And that is only if you were rated above average on your performance review.
 
Sounds like somebody has an investment that needs the currency to move.

ponder said:
If you're not happy move, a job is not a privilege or right. If your employer fscks you over sell your skills elsewhere.
Click to expand...
Easy for some.

Visser said:
If it was your company and you had to grow it, also perhaps reward investors to ensure future growth and necessary capital to expand - in order to pay your workers salaries and increases - what would you have done?
Click to expand...
It's funny how employers complain about lack of loyalty and dedication.
 
You must log in or register to reply here.
Back
Top
Sign up to the MyBroadband newsletter
X