The ZAR Exchange Rate Thread

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TEXTILE GUY said:
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.
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I've seen the productivity gulf in other industries. Walking into a medium-sized fast food takeaway in Japan and there were only 2 employees to run the entire place. I was wondering what was going on.

These legends did everything, from cleaning the tables, making the food and manning the cash register. In South Africa, you'd have upward of 10 employees to do the same job.
 
TEXTILE GUY said:
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.
Click to expand...

Brenden_E said:
This is a weird viewpoint. If someone has only R500 and they lose R400, they are in deep poopoo compared to someone that has R5million and lost R3million.
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You missing a big part of it.. interest and dynamic interest rate based on earning to debt ratio (risk). SA thankfully has debt in rands mostly.. a saving grace from Trevor Manuel which is the only reason why the rand hasn’t shot closer to R35-40/$ and more likely to rebound as US picture looks worse than Trump can portray.

Aqua_lung said:
We're all expecting it to hit 20. Why is that? I think, if we're honest with ourselves we know it's the actual value of the Rand.
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It will rebound, too many Nancy’s cashing out USD without watching what the FED is doing.. combo with viral news coming they will have to move money out of USD and EUR.
 
Wrt China.. hey we could have gone that route too but most of us would be abroad or in jail (hell this forum wouldn’t exist either).

Thankfully they chose dignity for labor.. which is an interesting concept in a 1st would country.. ie we support free market and dignified labor conditions!! But if it happens in China and pur goods get made there for cheap so be it!

Western hypocrisy is awesome
 
And judging by Twitter comments I can see why this happened, man the people out there really believe this is caused by the white people, that Zuma did no wrong and why must be be jailed sigh.
This is the people, this is why we are in this boat there is an underlying hatred so strong they'd rather cut their own penises off then try fix things
 
Lupus said:
And judging by Twitter comments I can see why this happened, man the people out there really believe this is caused by the white people, that Zuma did no wrong and why must be be jailed sigh.
This is the people, this is why we are in this boat there is an underlying hatred so strong they'd rather cut their own penises off then try fix things
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Best part is that the people with that thinking is the same people collecting free government grants that is funded mostly by these so called white evil people.

How about we just stop all tax collections and have this incompetent government print free money for the grants. We are heading towards hyper inflation pretty soon so we could just skip the waiting and start the printing.
 
I will admit, I was shocked when I saw the rand lose significant value against leading currencies. Almost R20 for a dollar :(

Most emerging economies are going through a tough time now, but ZAF seems to be getting it even worse. Cyril's administration has done well with the wuhan virus outbreak... I am interested to see how the economy will play out in the subsequent months.
 
Lupus said:
And judging by Twitter comments I can see why this happened, man the people out there really believe this is caused by the white people, that Zuma did no wrong and why must be be jailed sigh.
This is the people, this is why we are in this boat there is an underlying hatred so strong they'd rather cut their own penises off then try fix things
Click to expand...

I don't go on twitter. Holy fck moly. Some people on there are legit crazy racist insane next level crazy. It's scary to think they walk among us. I know some might be trolling, but the IQ levels is scary low. Sad to think people walk with that much hate in their hearts...
 
TelkomUseless said:
I don't go on twitter. Holy fck moly. Some people on there are legit crazy racist insane next level crazy. It's scary to think they walk among us. I know some might be trolling, but the IQ levels is scary low. Sad to think people walk with that much hate in their hearts...
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They are crazy racists. I now block and report
 
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