Rand breaks through R19 to the dollar

[BusinessTech]

Rand breaks through R19 to the dollar

Domestic inflation and load shedding drag the rand further down.

 

[newby_investor]

Here comes another rate hike later this month...

 

[RedViking]

This sounds bad. But helps to pay local staff with work being very quiet. Obviously does not help personally as everything is becoming more expensive here getting less with the ZAR.

 

[Lupus]

Don't worry the ANC said they can just pick it up

 

[Jet-Fighter7700]

wait till the ANC adopts a NEW currency instead of the USD.

then the ANC can claim to be winning the war of inflation.

 

[Nerfherder]

Will change when people start moving away from the dollar as the trade currency.

 

[Pineapple Smurf]

Excellent
This will bring more tourists into the country
Just what we need

 

[rvZA]

Drop the Rand. Adopt a new BRICS Currency. Should solve this problem.

 

[R13...]

Here comes another rate hike later this month...

The rate hike was coming regardless of what the rand is doing this week.

 

[rvZA]

Excellent
This will bring more tourists into the country
Just what we need

LOL... they are already not coming here anymore. R200 to the Dollar would make a difference to tourism.

 

[rvZA]

Rate hikes will continue with each and every meeting for at least the next 5 years, and probably long after that too. The big question though, how much will it increase every sitting and how long before we hit 40%?

 

[Lupus]

Drop the Rand. Adopt a new BRICS Currency. Should solve this problem.

We could call it the brick, cause it will drop

 

[Lupus]

Excellent
This will bring more tourists into the country
Just what we need

Sadly load shedding and 84 murders a day are keeping them at bay.

 

[CrypticZA]

ANC logic be like "THE HIGHER THE NUMBER THE BETTER WE DOING"

 

[Temujin]

I honestly believe we have people in gov who see these things as good... like stupid apartheid and their R1, we're now R19, we are so much better

 

[Pineapple Smurf]

Yeah
Then again it could be worse





LOL

 

[rvZA]

We could call it the brick, cause it will drop

Not if this currency is coupled with the Yuan and exclusively managed by China and perhaps Russia alone. Other pauper countries should just adopt it as the only form of payment in their jurisdictions.

 

[SubtleBeast]

If this sh*t continues for much longer

 

[DreamKing]

give me brics currency now .........

 

[Moosedrool]

2 meetings this week with staff crying over myself and their GM's desk about salaries, living cost, transport costs etc... We simply can't afford it. The worse is both of them don't even earn that much less than us. Everyone has to cut down but this stigma is brewing that management and senior staff is grabbing what they can from the company.