The rand could fall to R19/$

[Thor]

Have you been drinking?

And your obsession just gets more pathetic by the hour.

 

[Bighit]

R16.20 to the dollar now

 

[biometrics]

And your obsession just gets more pathetic by the hour.

My obsession?

 

[Hamish McPanji]

My obsession?

Yeah, your obsession.

Don't act like you don't know what we are referring to. Fess up. What is it?

 

[AirWolf]

F me. R15.05 on Tuesday to R16.20 today. What the hell happened?

 

[HavocXphere]

Have you been drinking?

Its Friday so my money is on yes.

F me. R15.05 on Tuesday to R16.20 today. What the hell happened?

Gordhan told Zuma:




http://mg.co.za/article/2016-02-26-gordhan-threatens-to-go-to-court-as-tensions-with-sars-ripple

 

[Purply]

R16.25/$ @ 4.3% drop for the day so far.....

 

[AirWolf]

We're stuck up the creek and Zuma just chowed our paddle.

 

[HavocXphere]

We're stuck up the creek and Zuma just chowed our paddle.

Not if Gordhan wins the showdown.

 

[zolly]

Rand almost R16.20 to the dollar

So just after the budget speech we were doing fairly well and about R15.20-R15.50 to the Dollar. Even last night we were only about R15.70 to the Dollar. Get up this morning and it's R16.18. What the hell happened?

 

[ScottulusMaximus]

Jacob and Pravin are having a tiff...

 

[Kosmik]

Ffs

 

[xumwun]

It appears all the SARS carp together with the dollar getting stronger is to blame.

 

[Dan C]

What's a Dollar ?

 

[DrJohnZoidberg]

What's a Dollar ?

R16.16

 

[Thor]

So just after the budget speech we were doing fairly well and about R15.20-R15.50 to the Dollar. Even last night we were only about R15.70 to the Dollar. Get up this morning and it's R16.18. What the hell happened?

We where at 15 before the speech

 

[Mike Hoxbig]

We where at 15 before the speech

The speech was part of it. Brazil getting downgraded to junk by Moodys is another factor...

 

[Thor]

The speech was part of it. Brazil getting downgraded to junk by Moodys is another factor...

Worst case scenario let's say we do get downgraded to junk. What does that mean in reality. How does it affect you and me?

 

[Johnatan56]

Worst case scenario let's say we do get downgraded to junk. What does that mean in reality. How does it affect you and me?

http://www.fin24.com/Budget/what-will-happen-if-sa-is-downgraded-to-junk-20160223

"Our economy is stalling and the risk of a recession is greater than ever. The rand’s steep decline of 2015 will significantly increase the cost of living for everyone - specifically fuel, transport and food - while the combination of muted global growth, low business level confidence, drought and persistently low resource prices will result in bankruptcies and higher unemployment levels," warned Kooyman.

Overall rand drops, we pay more, government has harder time borrowing money therefore service falls and we enter a recession. (expect major job cuts which will lead to a lot of protests/riots)

 

[Thor]

http://www.fin24.com/Budget/what-will-happen-if-sa-is-downgraded-to-junk-20160223



Overall rand drops, we pay more, government has harder time borrowing money therefore service falls and we enter a recession. (expect major job cuts which will lead to a lot of protests/riots)

Fck sounds like total and complete anarchy on its way