The rand could fall to R19/$

[Purply]

I had that conversation with an educated individual yesterday.
His assumption is that the Rand sliding won't affect us much because we produce most of our own products and food locally.
Then I explained to him that a lot of the local production and manufacturing relies on foreign equipment and input materials/components which need to be imported and South Africa just happens to be a nett importer.

Yes that's exactly it!

My company relies heavily on overseas material imports since for some bizarre reason we unable to produce it here in SA, even though we mine the raw material :/

 

[FxJalarupa]

Rand will strengthen to R12/USD when the first Gupta goes to jail...

Enjoy the SARB announcement this afternoon... Don't think they will be so hawkish due to last nights FED dovish tone... It allows them to also be less aggressive on rates...

Will have to wait and see...

 

[Purply]

Personally I'm hoping for another 50 basis hike, but in reality it will be 25

 

[Paul_S]

Enjoy the SARB announcement this afternoon...

What time is the MPC decision being announced?
All the websites including the Reserve Bank's website only list the dates without any time.

 

[bchip]

Anyone want to add to the poll, just loaded it:

https://twitter.com/mySharesCoZa/status/710348673838878720


Rates going up, down or flat?

 

[bchip]

What time is the MPC decision being announced?
All the websites including the Reserve Bank's website only list the dates without any time.

If I remember correctly, should be around 15:00 but could be wrong

 

[FxJalarupa]

What time is the MPC decision being announced?
All the websites including the Reserve Bank's website only list the dates without any time.

3pm

 

[Purply]

Aaaaaaaand we back @ R15.15/$

Here's hoping we don't go back to R16.22/$ in the space of a day again.

 

[Drifter]

FFS, another hike in interest rates.

 

[R13...]

FFS, another hike in interest rates.

Another of many more to come

 

[FxJalarupa]

WhooHoo!

Imagine the price of property at double digit REPO!

So much for that third house at the beach!

#lovethycreditcycle!

 

[StrontiumDog]

FFS, another hike in interest rates.

These are the old rates, excluding the latest 25 basis point hike, right?

https://www.resbank.co.za/Research/Rates/Pages/SelectedHistoricalExchangeAndInterestRates.aspx

Repo rate 6.75 2016-03-17
Prime lending rate (predominant rate) 10.25 2016-03-17

 

[biometrics]

These are the old rates, excluding the latest 25 basis point hike, right?

Repo is 7.0 from tomorrow.

 

[Purply]

So basically one entire month later we are back @ R15.15/$

Will it finally drop below R15/$ or start heading back to R16/$ which appears to be the common trend as of late?

Queue Gordhan/Hawks/Zupta leaked media article.......

 

[DrJohnZoidberg]

Been very stable for the past 2 weeks or so.

 

[AirWolf]

Been very stable for the past 2 weeks or so.

Now you're done it. Someone in government will have to open their mouth to move the currency .

 

[Sinbad]

Now you're done it. Someone in government will have to open their mouth to move the currency .

Concourt tomorrow.

Pravin on rogue sars unit today I think?

 

[Purply]

R15/$ , come on, you can do it, lets go R14.5/$ next

 

[Mike Hoxbig]

14.94 now

 

[Purply]

R14.84/$

And here we, queue news article releases

16:27 - South Africa's finmin Gordhan tells police unit Hawks revenue spy unit lawful