The ZAR Exchange Rate Thread

Status
Not open for further replies.
Gtx Gaming said:
Upward to 20 now!
5e50142288cdf23d45959a696eef58dc.jpg
Click to expand...
Fu@k me sideways! :oops:
 
Brenden_E said:
Those with little are objectively worse off. Sucks not to buy that fancy car or some other luxury and perhaps even downgrade, but it sucks infinitely less than not being able to pay rent or eat at all.

I see what you are saying but I think your conclusion isn't accurate.
Click to expand...
Nah it's fine if you get the gist and don't agree :)
 
bokka1 said:
Let us take all the punches at once and slowly crawl out of this.
Click to expand...

That's what the rest of the world is going to do. Once we're past COVID-19, we have EWC, NHI, load shedding, failing SOEs, prescribed assets and raiding of pension funds to look forward to.
 
JayM said:
That's what the rest of the world is going to do. Once we're past COVID-19, we have EWC, NHI, load shedding, failing SOEs, prescribed assets and raiding of pension funds to look forward to.
Click to expand...

ANC is worse than any decease!
 
JayM said:
That's what the rest of the world is going to do. Once we're past COVID-19, we have EWC, NHI, load shedding, failing SOEs, prescribed assets and raiding of pension funds to look forward to.
Click to expand...
The competition is going to be monumental as each tries to dig themselves out of the hole, ruthless.

True to form, and using the lessons learnt from up north, it will be business as usual with snouts in the trough.
 
NarrowBandFtw said:
hard to crawl when you get knocked the fahk out
Click to expand...
Well for many years our country has had the rating agencies on our back dictating terms.
All the focus entirely not necessary before of course as we were on a decent trajectory, till showerhead&co arrived that is. That f@#k#d us proper.

It's not good, far from good, but maybe without that noose we can plot our own future without having to cower to them.
My industry is bleeding like a skewered pig, like most others, but it is what it is and we just have to work our way through it.
Many will not survive, that is a fact.
 
Sneeky said:
Well for many years our country has had the rating agencies on our back dictating terms.
All the focus entirely not necessary before of course as we were on a decent trajectory, till showerhead&co arrived that is. That f@#k#d us proper.

It's not good, far from good, but maybe without that noose we can plot our own future without having to cower to them.
My industry is bleeding like a skewered pig, like most others, but it is what it is and we just have to work our way through it.
Many will not survive, that is a fact.
Click to expand...
The rating agencies are dictating common sense.
- Don't steal all the tax money
- Have good governance
- Stimulate an environment for business to grow
- etc

How is being free from those things a good thing? :O
We need that "noose" as you called it now more than ever!
 
TEXTILE GUY said:
If I may, what industry are you in?
Click to expand...
Chemicals. if industry/ production slows, so do all associated chemicals required.
Local industry and production over the last few years has shown a decline at an accelerated pace.
Considering the mixed messages from government on policy over the last number of years, be it for mining, industry in general, labor, power, it is not surprising.
They have, had no answer. Poor show.
Even if it was a poor policy it would have been better than them arguing amongst themselves while Rome burned.

Local industry basically has stage 4 cancer, seems the best way to sum it up.
 
Sneeky said:
Chemicals. if industry/ production slows, so do all associated chemicals required.
Click to expand...

Understood ....

I think its fairly trite .... I was in the textile industry in SA and the textile dyes and auxilliaries have seen their gat due in part to China killing the industry, so all chems are imported and get more expensive due to the ex rate, then, with volatility one cant really cost anything in Rand terms .... and with low demand, there is no local stock when you need it ..... and of course, the buying power of the Rand you earn is worth less than prostitute without a condom during the COVID pandemic.
The Chinese government of course give exporters all sorts of incentives, and at one point, denim jeans were entering SA cheaper than the cost to bleach and dye the raw cotton!!
 
TEXTILE GUY said:
Understood ....

I think its fairly trite .... I was in the textile industry in SA and the textile dyes and auxilliaries have seen their gat due in part to China killing the industry, so all chems are imported and get more expensive due to the ex rate, then, with volatility one cant really cost anything in Rand terms .... and with low demand, there is no local stock when you need it ..... and of course, the buying power of the Rand you earn is worth less than prostitute without a condom during the COVID pandemic.
The Chinese government of course give exporters all sorts of incentives, and at one point, denim jeans were entering SA cheaper than the cost to bleach and dye the raw cotton!!
Click to expand...
You'll be amazed at how you can price things with slave labor.
And in SA we have the opposite. We have low skilled workers that demand to be paid like they have a PHD.
 
Brenden_E said:
You'll be amazed at how you can price things with slave labor.
And in SA we have the opposite. We have low skilled workers that demand to be paid like they have a PHD.
Click to expand...

Well, I saw something on the BT thread a few weeks ago, the average salary in SA is around R22 000pm.
A textile worker in China last year was earning around US$500 pm at a rate of $1=ZAR19 comes to about half of we pay, then there are the export and duty subsidies, and heaven forbid the exporter has an actual price and an invoice price.
The other factor of course is that of productivity per $.
In SA to run a textile stenter (oven) the crew is usually 2 people per machine, while in China its 5 machines to one operator.
 
Interesting perspectives for sure.
Sure, in KZN, textiles, paper, board, rubber, poultry = dead

Our growing wage bill together with our diplomatic cushy relationship with China has not helped things in this instance.
China has played a positive role 'to a point' post 1994 but the flood gates are open and the crown jewels are being sold.
Africa (SA) is just being resold to a new economic colonizer, cause there is no substantial benefit for the population on the horizon, just the few.
 
Status
Not open for further replies.
Back
Top
Sign up to the MyBroadband newsletter
X