The ZAR Exchange Rate Thread

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scotty777 said:
I guess the first true step forward to a thriving economy is education of the masses. If our gov. could slap it's tits together, and organize an education system that works very well in getting at the very least (anything lower and it's another flop) 80% of matric pupils to pass, as well as improving the maths, science and English, then things will begin to grind forward, with oil begin applied to this dilapidated machine.
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Uneducated people keep them in power. Why would they want to change that?
 
scotty777 said:
Of course, that would be a bit of a long shot, but I firmly believe all it takes for a country to thrive is education, education, education (and also having sane, stable politicians helps the cause too ;). If we can get the country to produce more engineers, scientists and doctors, then I think we should be looking forward.
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I think we do train a fair number. The problem is keeping them here after they have graduated.
As another stated; “we are plucked”. Just browse the posts here and apply some forward thinking
 
Leostar said:
I think we do train a fair number. The problem is keeping them here after they have graduated.
As another stated; “we are plucked”. Just browse the posts here and apply some forward thinking
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Agreed...

Problem is, the majority of engineers/scientists are in manufacturing/design in the private sector where most of these companies export, and are hence paid in USD. This meaning the company does really badly with a strong rand. Company does badly = engineers/scientists leave for greener pastures. Big issues!
 
except for a small part during the Lehman's debacle, the Rand has been relatively trading within a band for the last 2-3 years. It intrigues me that memories of past rand performances have eradicated the fact that for the most past, the Rand has been below 8 for something in the order of 2-3 years
 
Again, not a reflection of rand strength, but rather that of Dollar weakness, the Aussie Dollar is sitting at 97+ US cents.

remember the cross rates.
 
I read with glee that the US Fed Bank may be considering a second round of quantitative easing! So perhaps we should look for a further weak trend in the dollar?
 
The rand will continue to strengthen against the dollar.. Emerging markets, like South Africa, are very attractive to offshore investors right now. Large inflows will continue for as long as the interest rates are as low as they are now in places like the UK and USA.

At 6.88 to the dollar, they are GIVING them away! Might be time for a trip to America to throw my rands around.....
 
Damnit -- I require the Dollar to stay at a minimum R7=$1...this is not good for kind of business lol...f@k. I really need to push and migrate to Pounds as main currency and Dollar/Euro for back-ups.

This sucks.
 
The Rand has crashed down nearly 30 cents overnight.

Currently at R7.17 to the dollar :(
 
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