The ZAR Exchange Rate Thread

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/Still waiting for someone to notice the ninety-nine punchline....
 
Rand crashing badly this morning on the news of possible R40bil free fees and the resignation of Michael Sachs from Treasury...

R14.50 to the Dollar and falling....
 
FlashSA said:
Rand crashing badly this morning on the news of possible R40bil free fees and the resignation of Michael Sachs from Treasury...

R14.50 to the Dollar and falling....
Click to expand...

Tertiary fees debacle..

Thats what u get when its apparent that treasury is not in control of fiscus. I reckon a huge slide coming.. I think ratings agencies should just downgrade us already as its very evident that Zuma is planning crap late november early december (to dodge ratings but they will drop ratings before then to protect investors i reckon).

Too obvious that Zuma gonna ram thru budget changes SA cant afford.
 
I just hope Zuma is not assassinated.. It will cover up too much if that happens, i'd prefer he does his shenanigans, kills off the ANC (already almost) and then gets tossed in jail post elections. I think SA needs that more than anything else even if we get junk status as a result. Only way to fix a country where race is used to mask the real issue besides killing off a liberation party and forcing voters to think (i hope, else EFF will rule).
 
Damnit, and I need to import stuff from the UK, but at over R19.00 to the Pound, that aint happening.
 
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