The ZAR Exchange Rate Thread

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dunkyd said:
...coughs under hand. Can't The Big Thief say something stupid quickly so the SAB payout looks a little better. The value of the 45 Pound offer is dropping daily..............
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Go away satan :p
 
This is why everyone should have cashed out their shares as I did. Didn't make anything on them since buying but saw the direction it was heading in. They are now simply a hedge on the pound.
 
Assuming SA currency remains steady.. time to call out retailers, insurers, etc that increased prices way above inflation for hedging in Jan-Feb. Fun times ahead for them.. as they either adjust, show profit or lose customers to competition. CC gonna collusive complaints in 6-12 months time if things improve beyond the almost normalized Rand value.


Ps. Discovery & Co are in for some major revolt of their user base as people realize that there is a major correction with pricing which was adjusted for hedging if prices go back to the normalized lossy curve of about 13.26 and tracks it.. better yet if it falls below 12..
 
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krycor said:
Assuming SA currency remains steady.. time to call out retailers, insurers, etc that increased prices way above inflation for hedging in Jan-Feb. Fun times ahead for them.. as they either adjust, show profit or lose customers to competition. CC gonna collusive complaints in 6-12 months time if things improve beyond the almost normalized Rand value.


Ps. Discovery & Co are in for some major revolt of their user base as people realize that there is a major correction with pricing which was adjusted for hedging if prices go back to the normalized lossy curve of about 13.26 and tracks it.. better yet if it falls below 12..
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That's not going to happen, prices hardly ever drop when the rand recovers. Though it was scary seeing suppliers had roe of 18 + in January.
We had them telling us that we need to buy now otherwise we would be paying a lot more.
Haven't seen those prices drop by much since.
 
The rand deepened Thursday’s losses on Friday morning‚ breaching the R14/$ mark for t

The rand deepened Thursday’s losses on Friday morning‚ breaching the R14/$ mark for the first time in about two weeks.

The rand’s sharp turnaround has caught analysts off guard‚ although some weakness has been traced to global risk aversion linked to concern about the financial health of Deutsche Bank.

“The bigger story remains rand underperformance. Further relative weakness yesterday implies that around a third of the early month’s rand outperformance has been given back‚” Rand Merchant Bank analyst John Cairns said in a note.

“What’s more‚ the pace of the losses is aggressive — dollar/rand is pushing up around 30c per day.”

Marking a sharp U-turn‚ the rand has weakened from R13.39 since Wednesday.

It has also weakened sharply against the euro and pound this week.

The rand’s volatility makes planning difficult for companies and other entities affected by exchange rates.

Local trade data will take centre stage later in the day‚ with analysts the surplus to have shrunk to about R3bn-R4bn in August from R5.2bn in July.

At 9.14am‚ the rand was at R14.0157 to the dollar from Thursday’s R13.8949. It was at R15.6885 to the euro from R15.5974 and R18.1465 to the pound from R18.0164.

The euro was at $1.194 from $1.1223 previously.

http://www.enca.com/money/rand-on-slippery-slope‚-breaches-r14usd
 
krycor said:
Assuming SA currency remains steady.. time to call out retailers, insurers, etc that increased prices way above inflation for hedging in Jan-Feb. Fun times ahead for them.. as they either adjust, show profit or lose customers to competition. CC gonna collusive complaints in 6-12 months time if things improve beyond the almost normalized Rand value.


Ps. Discovery & Co are in for some major revolt of their user base as people realize that there is a major correction with pricing which was adjusted for hedging if prices go back to the normalized lossy curve of about 13.26 and tracks it.. better yet if it falls below 12..
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A tad optimistic.

All proper medical aids are hiking their prices with a similar margin, akin to price collusion, so as to ensure they all get a profit out of it. They also know that, because of the nature of SA, it's an absolute necessity, and people can't get out of paying it. They don't care that people are struggling to buy bread, as long as they can cash in heavily on the already heavily strained consumer.

Besides, we can fully trust the ANC to say something retarded soon that will make the rand land flat on its arse, and totally justify them increasing their prices, as ridiculous as it may be at this stage.
 
Ho3n3r said:
A tad optimistic.

All proper medical aids are hiking their prices with a similar margin, akin to price collusion, so as to ensure they all get a profit out of it. They also know that, because of the nature of SA, it's an absolute necessity, and people can't get out of paying it. They don't care that people are struggling to buy bread, as long as they can cash in heavily on the already heavily strained consumer.

Besides, we can fully trust the ANC to say something retarded soon that will make the rand land flat on its arse, and totally justify them increasing their prices, as ridiculous as it may be at this stage.
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Yes, I know this is South Africa and you are 100% correct. But, if you want to kill all medical aids in South Africa, all that the government needs to do is to jack-up its few State hospitals and appoint staff to full capacity, in order to provide faster and more efficient service delivery. That's it. More than 80% of people of medical aids will leave and simply go to State hospitals. Medical aids will fold under their own weight.
 
Albert Broco said:
Yes, I know this is South Africa and you are 100% correct. But, if you want to kill all medical aids in South Africa, all that the government needs to do is to jack-up its few State hospitals and appoint staff to full capacity, in order to provide faster and more efficient service delivery. That's it. More than 80% of people of medical aids will leave and simply go to State hospitals. Medical aids will fold under their own weight.
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Plus one.

State medical and state education (UNISA) needs to get more attention.

The anc can make a massive difference is they just hire someone who has actual brains.
 
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