Rand hits worst level since 2020

[rvZA]

The rand has slumped to its worst level since April 2020, reaching R18.81/$ earlier on Wednesday. Less than a year ago, it was trading below R15.30.

Global markets are jittery ahead of US inflation data, which will give some indication of where rates in the world's largest economy are headed.

Rand hits worst level since 2020 | Business

South African interest rates are not that attractive any more.

www.news24.com

 

[rvZA]

And this is what a failed state and dead country looks like. R300 to the Dollar now inevitable.

 

[RedViking]

This is good. Salaries are cheaper to pay.

 

[WAslayer]

The single thing I thank the ANC for, 3 weeks before my USD shares vest.. let the degradation continue...

 

[Jet-Fighter7700]

And this is what a failed state and dead country looks like. R300 to the Dollar now inevitable.

lets be realistic here @rvZA , we aint North Korea, Iran, Somalia, Sudan, Or C.A.R, or Venezuela or Cuba.
there are Hellh0les all over the world, some in a 100X worse state than here,

keep some positivity, I know its hard but there is always a positive aspect.

I mean we aint Iraq under Saddam, or Lebanon At the present time.
glass half full,

 

[Quicks]

We need rates increase of more than 100 basis points to curb this.

"The market has already priced in a 25 basis point hike in South African interest rates in May, but Bishop says 50 basis points are possible."

"Adding more pressure on the rand is foreigners selling local bonds - a net R11.4 billion has so far flowed out of the country due to these sales."

 

[backstreetboy]

lets be realistic here @rvZA , we aint North Korea, Iran, Somalia, Sudan, Or C.A.R, or Venezuela or Cuba.
there are Hellh0les all over the world, some in a 100X worse state than here,

keep some positivity, I know its hard but there is always a positive aspect.

I mean we aint Iraq under Saddam, or Lebanon At the present time.
glass half full,

He couldn't get into Panama so we'll have to endure his endless array of sunshine.

 

[SAguy]

lets be realistic here @rvZA , we aint North Korea, Iran, Somalia, Sudan, Or C.A.R, or Venezuela or Cuba.
there are Hellh0les all over the world, some in a 100X worse state than here,

keep some positivity, I know its hard but there is always a positive aspect.

I mean we aint Iraq under Saddam, or Lebanon At the present time.
glass half full,

Watch this space, Malema is working on it

 

[rvZA]

lets be realistic here @rvZA , we aint North Korea, Iran, Somalia, Sudan, Or C.A.R, or Venezuela or Cuba.
there are Hellh0les all over the world, some in a 100X worse state than here,

keep some positivity, I know its hard but there is always a positive aspect.

I mean we aint Iraq under Saddam, or Lebanon At the present time.
glass half full,

Well, I am just going to leave this here by saying that South Africa is not much different from North Korea, Iran, Somalia, Sudan, Or C.A.R, or Venezuela or Cuba at this point in time. These are the rankings South Africa is sorted under in any event. Some of these countries, however, are actually better off than SA with more electricity and likely a better economy too due to that. Yes, some of them are at war, but our crime statistics makes up for this with more murders in SA than what some of those countries see during war time.

So, yes, glass half-full, half-empty.

 

[BBSA]

Watch this space, Malema is working on it

Did you miss this part; "keep some positivity"

 

[Paul Kemp]

That’s close to 23% more rand per dollar.

 

[Tman*]

lets be realistic here @rvZA , we aint North Korea, Iran, Somalia, Sudan, Or C.A.R, or Venezuela or Cuba.
there are Hellh0les all over the world, some in a 100X worse state than here,

keep some positivity, I know its hard but there is always a positive aspect.

I mean we aint Iraq under Saddam, or Lebanon At the present time.
glass half full,

R300 to the Dollar is rvZA being positive.

 

[GoneWithTheWindows]

Zim 2.0 not looking so far away anymore.

 

[backstreetboy]

Zim 2.0 not looking so far away anymore.

Ask rvZA. We're already there.

 

[dualmeister]

In 2013 we paid R9.32 per dollar

 

[gregmcc]

Jeez. I remember not long ago it was around 9.

Hell I even remember when the Rond was strong than the Dollar.

 

[GrootVoet]

Bye bye my European holiday planned for later this year, we going local.

 

[Supervan II]

This'll fix it one time:

Rename it

 

[Quicks]

Jeez. I remember not long ago it was around 9.

Hell I even remember when the Rond was strong than the Dollar.

View attachment 1522037

Those days are long gone, and will never recover under the ANC or the next.

 

[lkswan747]

You ain't seen nothin' yet
B-b-b-baby, you just ain't seen n-n-n-nothin' yet
Here's something that you're never gonna forget
B-b-b-baby, you just ain't seen n-n-n-nothin' yet
Nothin' yet, you ain't been around