Positives to weak rand: analysts

[rpm]

Positives to weak rand: analysts

Local manufacturers will benefit as the rand continues to fall against the United States dollar, analysts said on Friday.

 

[Mike Hoxbig]

This impacts me directly, and therefore I don't care about local manufacturers.

 

[biometrics]

Manufacture what? The Chinese make everything and cheaper.

 

[ToxicBunny]

Positives to weak rand: analysts

Local manufacturers will benefit as the rand continues to fall against the United States dollar, analysts said on Friday.

Who cares.

Things will be more expensive for me, so this impacts me negatively, I don't give a toss about the local manufacturers.
If anything the local manufacturers will increase their prices for locally sold merchandise even if they're making more profit from exports.

 

[cerebus]

I'm not too unhappy it increases my earnings a bit.

 

[antowan]

Not good for most citizens...

 

[Wasabee!]

Fck YEAH!!!! PEP will get cheapa!! WOOOOOOOOHOOOOOOOOOOOO


















Really who cares? All of our other imports are getting more expensive so how does this help?

 

[bokka1]

The next step will be increased interest rates.

NOT good for me.

 

[Zenbaas]

Who cares.

Things will be more expensive for me, so this impacts me negatively, I don't give a toss about the local manufacturers.
If anything the local manufacturers will increase their prices for locally sold merchandise even if they're making more profit from exports.

Exactly. We must be happy because a few people benefit while tons will suffer more..?

 

[House]

There is always, always a good side to every situation, no matter what.

The financial analysts are paid by the ANC to speak s**t. There is absolutely no positives for South Africa when our monetary unit is falling against the Dollar. Yes, a few individuals generating international income may benefit. Local manufacturers will not benefit as much as anyone would think. It is still cheaper for any country or company to have their goods manufactured in China. A weaker Rand will not mean billions of Rands being poured into the manufacturing sector.

At the end of the day, the falling Rand will do much more harm than good to the average citizen and the country as a whole.

If this trend continues, we will all soon be walking around with R1,000, R10,000 and R100,000 notes in our wallets.

 

[Jola]

The next step will be increased interest rates.

Unfortunately, yes.

They dropped the rates too much, and left them too low for too long.

Screwed up the economy in many ways.