Zuma will send rand to R17 to the dollar: analyst

[BusinessTech]

Zuma will send rand to R17 to the dollar: analyst

A top currency forecaster says that president Jacob Zuma's penchant for adopting populist policies will invariable destroy investor confidence in South Africa - sending the rand toward R17 to the dollar.

 

[LazyLion]

Ummm, the last prediction said R19 to the dollar. That was before it went to R14.50.

 

[ToxicBunny]

Ummm, the last prediction said R19 to the dollar. That was before it went to R14.50.

These forecasters have no more idea where the rand will be in a week, than any of us.. they're just guessing.

 

[xumwun]

Ummm, the last prediction said R19 to the dollar. That was before it went to R14.50.

And somebody mentioned R60

 

[Lupus]

And somebody mentioned R60

Starting to wonder if these forecasters throw bones, or read it from tarot cards.

 

[backstreetboy]

Another analyst that can thumbsuck. Nothing new. Moving right along...

 

[Hamster]

BusinessTech + analyst... yeah, no

 

[elL0L]

And somebody mentioned R60

http://www.fin24.com/Economy/chris-...status-imf-bailout-and-press-freedom-20160513