The ZAR Exchange Rate Thread

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And what little hope we might have had on slight recovery after LS scaled back to stage 3 , whatever gains the Rand made yesterday were lost when markets opened this am, back to nearly 18.50 to the $ by end of day. Who can blame any foreign investor in believing anything will change at this stage..the lies, endemic corruption, cover-ups at highest levels have never been dealt with.

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MirageF1 said:
And what little hope we might have had on slight recovery after LS scaled back to stage 3 , whatever gains the Rand made yesterday were lost when markets opened this am, back to nearly 18.50 to the $ by end of day. Who can blame any foreign investor in believing anything will change at this stage..the lies, endemic corruption, cover-ups at highest levels have never been dealt with.

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What amazes me is that we have any investors at all?
Is the global investment landscape that barren or dire that someone would still come to South Africa looking for bankable deals?
 
airborne said:
What amazes me is that we have any investors at all?
Is the global investment landscape that barren or dire that someone would still come to South Africa looking for bankable deals?
Click to expand...
Large and quick returns for limited investment. Foreign investors not that welcome in the first world (Russians say) can pick up SA assets relatively cheaply for foreign payment, partly ignore environmental, health & safety etc and show a quick return. Same for investors where maybe a bit of bribery can get you a very lucrative contract (look at recent SANRAL contracts).
 
Oldfut said:
Large and quick returns for limited investment. Foreign investors not that welcome in the first world (Russians say) can pick up SA assets relatively cheaply for foreign payment, partly ignore environmental, health & safety etc and show a quick return. Same for investors where maybe a bit of bribery can get you a very lucrative contract (look at recent SANRAL contracts).
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and primary industry (agriculture, forestry, fishing, mining, quarrying, etc). Huge risk, huge rewards. Even worse sh**hole countries like DR Congo still have investors.
 
R20 to the euro, R23 to the pound? :rolleyes: I was planning to move a sizeable amount out the country, wtf!
 
Forex interbank market closes on Friday at 5pm New York and opens wiith the New Zealand open on Monday morning. Forget about anything outside those hours.
 
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This one radio host had this pretty funny riff about what the rand was doing overseas in the first place anyway. It was on Ukhozi FM back in the day and I'm not capable of doing it justice by translating from Zulu but I think you get the gist.
 
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