The rand could fall to R19/$

[Paul_S]

Wanna take a bet we'll be underwhelmed?

No need to bet - that's a given.
More sin tax, more income tax and a whole lot of empty promises to curb wasteful government expenditure.

I think a downgrade to junk status will actually be a blessing in disguise to get these morons to realise that the taxpayer and economy don't have bottomless pockets. Let's get to rock bottom quickly and fix this mess rather keep on with this slow painful decline where government is not being forced to make the right decisions.

 

[Hamster]

No need to bet - that's a given.
More sin tax, more income tax and a whole lot of empty promises to curb wasteful government expenditure.

I think a downgrade to junk status will actually be a blessing in disguise to get these morons to realise that the taxpayer and economy don't have bottomless pockets.

Exactly: more taxes, more talk of curbing expenditure...blah blah. I so hope he comes out swinging (especially after Zuma said Van Rooyen is more qualified than he is) and cut Zuma's cabinet in half. And not in 5 years time...fscking within the next 3 months.

 

[Paul_S]

I so hope he comes out swinging (especially after Zuma said Van Rooyen is more qualified than he is) and cut Zuma's cabinet in half. And not in 5 years time...fscking within the next 3 months.

That is not going to happen. Do you think Zuma's pals would take that sitting down?
Mr Pravin will tow the party line or else he and his family will likely be facing an early retirement (six feet under).

 

[Drifter]

Wanna take a bet we'll be underwhelmed?

Hell no!!

 

[Purply]

Sitting at R15.25 currently, doubt it will break the R15 mark soon.

 

[PsYTraNc3]

Sitting at R15.25 currently, doubt it will break the R15 mark soon.

15.16 now
You might be wrong.

 

[Oopsie]

Strong possibility that we will see R14's today.

 

[AirWolf]

Sitting at R15.25 currently, doubt it will break the R15 mark soon.

15.16 now
You might be wrong.

Strong possibility that we will see R14's today.

R15.10 now - Sub-R15 on the cards very soon, I would think.

 

[Oopsie]

R15.055 now. Sooner than expected.

 

[Necropolis]

Wow.

Didn't think we'd be seeing this so soon.

 

[Gtx Gaming]

Gordhan please don't mess up the budget speech

 

[Paul_S]

Gordhan please don't mess up the budget speech

Zuma please don't open your mouth for the remainder of this year.

 

[Hamster]

Zuma please don't open your mouth for the remainder of [-]this year[/-] ever.

FTFY

 

[Oopsie]

Some good news must have come out for the USD to suddenly strengthen and stuff things up.

 

[Oopsie]

@ZAR. How dare you humiliate me on this public forum by not gaining to below R15 as I stated? Sies on you.
On a more serious note. The ZAR follows emerging market currencies that have been steaming up for some time but the steam seems spent now.
However. Gordhan will put some more oomph into it and send it up again but not for long as it has to go the same way as the exotic currencies. Down but at a smaller and normal pace.

 

[Purply]

En daar *** die rand al weer R15.65

 

[Thor]

ZAR is fcked and I'm going to be out of pocket for all the beer

 

[Paul_S]

Seeing as the budget speech didn't inspire any investor confidence in the local economy when do you guys think SA will be downgraded to junk status?

 

[Purply]

If memory serves me right, our next evaluation is due in August?

 

[Paul_S]

If memory serves me right, our next evaluation is due in August?

Where does one find these dates?
I thought that the rating agencies could change ratings at any time of the year.