Rand weakness is going to hurt your pocket

[Kevin Lancaster]

Massive Rand weakness is going to hurt your pocket

The Rand touched R14 to the US Dollar recently, which could translate into higher technology product prices.

 

[xrapidx]

investments are already hurting my pocket

 

[LazyLion]

No kidding... all of our product is imported.

 

[Sinbad]

So much for that fuel price drop

 

[Rusty0]

Car prices, cellphone prices, food prices, fuel prices, etc etc...

 

[Johnatan56]

Not good news as one of my desktop motherboards is dying

 

[cozinsky]

It means that I just have to hold on longer to my products. It is a loose-loose situation for the manufacturers as well as the users.

 

[Chris.Geerdts]

weakness is going to hurt

Wow, this journalist is on the ball

Good ZAR/$ chart. How about doing a 20 year chart and super-imposing the presidential terms

 

[Brawler]

Not good news as one of my desktop motherboards is dying

the least of your worries.

 

[captainEO]

Yes! I earn my money in USD so this is good for me

I love it. Please, let's get to R15 next!

 

[heartbroken]

Yes! I earn my money in USD so this is good for me

I love it. Please, let's get to R15 next!

tsek

 

[maccaman]

How does the currency drop to over R14 to the dollar, then recover to R13.25 on the same day?

 

[Sinbad]

How does the currency drop to over R14 to the dollar, then recover to R13.25 on the same day?

volatility.

Or, fluck you asians.

 

[dualmeister]

Have to pay overseas suppliers now for orders delivered when exchange rate was still around R12.

Not funny

 

[qwertydudeza]

Have to pay overseas suppliers now for orders delivered when exchange rate was still around R12.

Not funny

Forward cover.

 

[The_Ogre]

Have to pay overseas suppliers now for orders delivered when exchange rate was still around R12.

Not funny

You should hedge in future

 

[Fudzy]

http://gawker.com/your-guide-to-our-new-financial-panic-1726084627

 

[LaraC]

Be smart, buy local.

 

[etienne_marais]

Food too, not only as a repercussion but because we became a net importer in c. 2007.

 

[MrG]

How is this going to affect anything? It went above R14 for a few hours and went right back down to R13.20