Indeed, or they could just downgrade us one notch above junk status
I think we are already one notch above junk status.
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The rand could fall to R19/$
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I think we are already one notch above junk status.
I think we are already one notch above junk status.
Not by Moody's we ain't
The other two yes.
Ok, thanks.
HavocXphere
Honorary Master
Unlikely. Moody's will move SA down one notch, being still one above junk. Which means all 3 agencies have SA one step above junk.
I'm inclined to think S&P will be first to move to junk.
Mike Hoxbig
Honorary Master
There seems to be a lot of fear mongering around this junk rating. SA was rated junk before 2001 and life went on fine. It's just that we're not going to have it as good as we did for the past decade or so. It's not like there's no way out once you hit junk...
AirWolf
Honorary Master
What happened, one second we at R15.05/$ and now it's back at R15.40/$
*edit*
Oh nevermind, I see Zuma got 5% salary increase.......that explains it.
Currency to trade 35c higher inside SA than outside to cover Zuma's salary increase
..DeathStrike
Expert Member
Source?
HavocXphere
Honorary Master
Crystal ball I'd imagine. Not sure what kind of source you expect for a prediction...
DeathStrike
Expert Member
Well I didn't know it was a prediction. Thought he read an article on news24 that I might have missed.
So many things taking place this week, doubt many people will be focusing on SA that much.
BOE,SNB,BOJ and US Fed rates updating this week, those will take most of the focus away from little o SA.
Pho3nix
The Legend
Should that not be at the end of the month?
According to Moneyweb, analysts are expecting the interest rate to increase by 25 bp on Wed or Thursday. There is more chance of an increase than it staying at the same level.
Overseas interest rates are ridiculously low and this will attract foreign investment into SA.
Remember that goofy guy that called the ZAR at 13.8 soon some weeks back while SA investors were rushing to buy the $? That was me and I have been correct so far despite the 1 political blunder and the 1 squabble that sent the ZAR reeling down.
Overseas interest rates are ridiculously low and this will attract foreign investment into SA.
Remember that goofy guy that called the ZAR at 13.8 soon some weeks back while SA investors were rushing to buy the $? That was me and I have been correct so far despite the 1 political blunder and the 1 squabble that sent the ZAR reeling down.
HavocXphere
Honorary Master
Not very convincing. Amusing though.If only it was profit taking, Gordhan badmouthed one of the SARS people again *sigh*