Tech shares dive as JSE struggles

The price of the rand against the US$ is going to hurt us if it doesn't come down quickly. Whilst it benefits the sale of our resources, we have increased our reliance on imports and I guess that will hurt the trade balance. If the exchange rate remains high, perhaps it could improve things in the manufacturing sector (exports, that is)?
 
Put in an order for new Pc components Friday.

On monday the supplier gave us notice that the components now is a bit more expensive than usual due to the rand getting a six-pack whoopass handed out to it, courtesy of the unions and strikers.
 
The_Librarian said:
... the rand getting a six-pack whoopass handed out to it, courtesy of the unions and strikers.
Click to expand...

And in part due to the numbers coming out of China, our biggest trading partner.

McT said:
The price of the rand against the US$ is going to hurt us if it doesn't come down quickly. Whilst it benefits the sale of our resources, we have increased our reliance on imports and I guess that will hurt the trade balance. If the exchange rate remains high, perhaps it could improve things in the manufacturing sector (exports, that is)?
Click to expand...

Unfortunately it would only benefit resources if they were coming out the ground! :( With the strikes there is little to no production so they cannot benefit. Yes, hey have stockpiles but these will not last indefinitely and then they'll need to play catch up.
 
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