The ZAR Exchange Rate Thread

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Dave123 said:
They've done too much damage already, regime change and a few decades without them, maybe..
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It will be slow and very painful and R/$ will bleed a lot more. Already canned all 2016 holidays. Need to horde as much money as possible now as things will get tighter and tighter.....
 
Dave123 said:
They've done too much damage already, regime change and a few decades without them, maybe..
Click to expand...

I think about half of the rand's value is due to factors outside the control of the ANC. The ANC is at fault because because they are unable to decide whether they want an export based economy or not (if export based, a weak rand is needed). The ANC's preaches one thing but are hamstrung by political expediencies and other illegal activities they are allowing to become endemic.
 
In 1994 when Madiba became president R3.50/$ now closing in on R13.00 ANC are fully responsible
 
Cos the anc spend spend spend, the deficit is a runaway problem, we will never be able to repay the debts, and the **** 1% growth is worth fokol
 
R13... said:
I think about half of the rand's value is due to factors outside the control of the ANC. The ANC is at fault because because they are unable to decide whether they want an export based economy or not (if export based, a weak rand is needed). The ANC's preaches one thing but are hamstrung by political expediencies and other illegal activities they are allowing to become endemic.
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Yeah and they are spending monay they dont have. Go google gov deficit vs gdp, it's not getting better from what I recall & the there's the burden on the small amount of tax payers with ta;k of a increase in vat. The anc don't have a fscking clue when it comes to the economy, we are shedding jobs like you can't believe due to internal policies. It's ok though the chinese will be running the show soon & things will be very different then.
 
ponder said:
Yeah and they are spending monay they dont have. Go google gov deficit vs gdp, it's not getting better from what I recall & the there's the burden on the small amount of tax payers with ta;k of a increase in vat. The anc don't have a fscking clue when it comes to the economy, we are shedding jobs like you can't believe due to internal policies. It's ok though the chinese will be running the show soon & things will be very different then.
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This is what I am afriad of.

China transforming South Africa into a factory country
 
Arthur said:
Serious pain today. Have to make a R2.6m payment to a USD supplier. Just completed the payment instruction. :(
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If you regularly do large forex transactions, consider hedging with currency futures on the JSE - can create a risk neutral position.
 
Diplos said:
If you regularly do large forex transactions, consider hedging with currency futures on the JSE - can create a risk neutral position.
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I make regular payments. And I have absolutely no idea how hedging with currency futures works. I have a 5 day window every month in which to make payments.
 
Wtf just happened. It went back down to 20.10 last time I looked yesterday...

Argghhhhhhh
 
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