Rand bleeds as dollar flex continues

[BusinessTech]

Rand bleeds as dollar flex continues

South Africa's rand remains on the back foot against the dollar which continues to gain strength due to concerns over slowing economic growth globally, and rising interest rates, and war risks, leading to increased market volatility.

 

[neoprema]

Yeah i've just captured a whole bunch of USD payments... our accounts are bleeding all over the place

 

[TEXTILE GUY]

R16.34 ..........................

 

[TelkomUseless]

Petrol price skyrockets to the moon!

 

[Tman543]

The currency is only as strong as the economy. And since stage 6 is costing the gdp 4 billion a day.


Considering all of that Rand is doing OK I guess. I'm surprised they haven't tried printing more money yet.

 

[Tman543]

Good thing we have a positive trade deficit. Otherwise we would of been in more k*k

 

[Xtm]

Collapsing economy