The ZAR Exchange Rate Thread

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Syndyre said:
Sure but I don't think anyone wants to see R13/dollar again, especially with high global commodity prices, particularly oil, it wouldn't help SA much. Especially since Eskom needs to import equipment for its expansion.
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Man those were the good ole days as I was earning tax free dollars back then .....
 
noxibox said:
A weaker rand can easily lead to higher inflation and higher wage demands which could then offset any pricing advantage.
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if it is an orderly adjustment then that risk is very minimal
 
Have Tito and SARB managed to keep us in that bracket or have they just being saying so?

I've noticed the stuff I've been buying over the last few years (food etc) has been going up by more than 6% annually.
 
Jase said:
Man those were the good ole days as I was earning tax free dollars back then .....
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And I was earning £'s :D

As a matter of fact I bought my house for less than £40k just before the rand strengthened again. :)
 
hj2k_x said:
That is rough indeed! Considering SARB and Tito have managed to keep us in the 3-6% bracket for so long.
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I don't think they've succeeded since June last year.

When are they going to wake up and realize that hiking interest rates has no effect on the items causing the greatest inflation?
:(
 
The last train has left - soon we will be importing ox wagons and no oxen
 
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