Ho3n3r
Honorary Master
Right. Either way, the logic is baffling.
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Tech prices will fall if Zuma does not break the rand again
- Thread starter Kevin Lancaster
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Right. Either way, the logic is baffling.
If you believe the exchange rate is mainly determined or influenced by these factors, as apposed to Zuma's deliberate attempts to undermine Gordhan, who is trying to save SA from Zuma and other looters, I suggest you put your money where your mouth is and trade ZAR/USD based on these alternative insights.
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Dear Staff Writer,
The recall of Minister Gordhan is inevitable. The strings of the dishonourable Prez have been yanked by his masters. The reshuffle of cabinet to the detriment of the country is mere hours away. Damage 2.0 following recall of the esteemed Finance Minister is imminent.
Your article is therefore just hope rapidly evaporating into the upper stratum like water in the Kalahari.
Yours sincerely,
McT
The recall of Minister Gordhan is inevitable. The strings of the dishonourable Prez have been yanked by his masters. The reshuffle of cabinet to the detriment of the country is mere hours away. Damage 2.0 following recall of the esteemed Finance Minister is imminent.
Your article is therefore just hope rapidly evaporating into the upper stratum like water in the Kalahari.
Yours sincerely,
McT
Due to the ongoing personal insults and ignoring merits in this post:
In December Rand was at the level x14 to the USD. Since about 20th December Rand started improving, reaching x13 (average) in March. What caused this thrend? See my post #19202176 https://mybroadband.co.za/vb/showthread.php/862308-Why-Absa-dumped-the-Guptas/page6
If you are a going to discuss it further, attack merits, not a messenger.
As I said humiliation of Gordhan is fully deserved. He disobeyed executive orders in trying to shelter banks against prossecution. Now Mr.Gordhan, it is a time to go, in few hours he will be leaving in shame.
Rand will improve soon when investors learn they deal with strong, unified and decisive leadership. Gupta's and bank collusion (against Rand value) cases are landmarks here.
I do remind you facts:
In December Rand was at the level x14 to the USD. Since about 20th December Rand started improving, reaching x13 (average) in March. What caused this thrend? See my post #19202176 https://mybroadband.co.za/vb/showthread.php/862308-Why-Absa-dumped-the-Guptas/page6
If you are a going to discuss it further, attack merits, not a messenger.
As I said humiliation of Gordhan is fully deserved. He disobeyed executive orders in trying to shelter banks against prossecution. Now Mr.Gordhan, it is a time to go, in few hours he will be leaving in shame.
Rand will improve soon when investors learn they deal with strong, unified and decisive leadership. Gupta's and bank collusion (against Rand value) cases are landmarks here.
Crowley
Honorary Master
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Honest question answered...
pinball wizard
Honorary Master
So, your explanation of the Rand drop so far?
Looney
Executive Member
Serious question: Can we not ban mentally retarded trolls?
As I mentioned before Rand was improving much over last three months. A reason is clear, I see nobody objected merits. Temporary drop 2-3% is not important. Rand will improve when investors see that firm action against banks (who tried to devaluate RAND for years and now actively act to eliminate competitors in business sector) go ahead.
Looney
Executive Member
Cool story bro.
Ho3n3r
Honorary Master
Zuma looking at this thread right now...
Zuma looks very good laughing, I agree.
ToxicBunny
Oi! Leave me out of this...
What is your reason?
You are harping on about this "banks devaluing the rand" thing without actually understanding the case at all...
Ho3n3r
Honorary Master
It doesn't matter, you don't win. Zuma does.
Jola
Honorary Master
The banks were not devaluing the rand, they were manipulating it.
That means sometimes strengthening it, and sometimes devaluing it, all to make more money.
But what the net effect of all their games were, nobody knows, they may even have strengthened it overall.
That means sometimes strengthening it, and sometimes devaluing it, all to make more money.
But what the net effect of all their games were, nobody knows, they may even have strengthened it overall.
Jola
Honorary Master
Always. He always wins.
Because the ANC lets him win and all the sheeple vote for the ANC.
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Actually they acted in the direction to depreciate Rand. Couple souces have mentioned that. Banks were acting in conspiracy to overthrown Zuma for many years. Zuma was introducing new business players from China, Russia and India (Guptas are only few). International bankers protect business of the closed elite which is ruling this world. Any business which is violating their supremacy is eliminated. What you see in mass media reflects their main goal - public perception is created to facilitate changes. The last attempt to unseat Zuma failed last year. When action against banks was announced, Rand started strenthening and this was continuous trend till now. It shows that there are investors outside close elite who are interested doing business in South Africa.