If enough speculators band together shorting the Rand, and shake the tree, overseas investors will panic. Bond rates are rising and the SARB is lowering interest rates. The race to the bottom. Time will tell whether the begging bowl is put under their noses.

A Nigerian newspaper and Online version of the Vanguard, a daily publication in Nigeria covering Nigeria news, Niger delta, general national news, politics, business, energy, sports, entertainment, fashion,lifestyle human interest stories, etcSouth Africa’s central bank on Thursday cut its key interest rate for the fifth time this year in a bid to breathe life into the coronavirus-stricken economy.Along with other central banks around the world to aggressively lower borrowing costs in a bid to soften economic blow from COVID-19, the South African Reserve Bank cut its repurchase or “repo” rate by 0.25 percentage points to a record low of 3.5 percent.Already this year, the bank had previously cut the rate by a total 2.75 percentage points to provide relief to indebted consumers as the negative effects from the coronavirus pandemic make themselves felt.President Cyril Ramaphosa imposed a lockdown in March, but began loosening some of the restrictions in June to allow for economic activity to resume.But the country’s economy was already in tatters before the onset of the pandemic, with credit ratings agencies downgrading South Africa’s sovereign debt.Reserve Bank governor Lesetja Kganyago warned that even as the lockdown is relaxed in coming months, investment, exports, and imports are expected to decline sharply across the year as a whole.Job losses and unemployment, already at record highs of above 30 per cent, are also expected to climb further.The central bank also downgraded its growth estimate for the second quarter and said it expected gross domestic product to contract by 7.3 percent in 2020, instead of the 7.0 percent forecast in May.“The deepest contractions are expected in the second quarter of 2020, with gradual recoveries in the third and fourth quarters of the year,” Kganyago said.The rate decision comes at a time when consumer inflation is at a 15-year low at 2.1 percent.Since January, the rand has depreciated by 15.2 percent against the dollar, the governor said.South Africa is the country in Africa that has been worst hit by the coronavirus pandemic and, with over 400,000 infections so far, ranks among the top five in the world in terms of confirmed cases.IF the Malian political class, particularly the government of the deposed president, Ibrahim Boubacar Keita, had accepte...French President Emmanuel Macron on Tuesday warned that international aid for Lebanon would not be released unless a ser...  Major smartphone brands are pulling out their big guns in the second quarter of 2020.

Live off savings 2. In 1968 one Rand purchased US$1.30. These are typically aged folk. Take note- that is excellence per se, not like in “black excellence” which is not excellence at all, but merely a badly-disguised attempt at looting, like in the EFF/ VBS Bank scandal. People buy bonds because they wish to exchange capital for income and preserve the value of their capital. Financial stocks didn’t budge today because nothing changed.You can cut interest rates to zero.. banks still won’t lend, stimulus won’t come through.The Governor of the SARB is the epitome of excellence. R0.50 extra to buy one US$ in the last 24 hours. There are only three ways to consume 1. @ Richard: Are you getting the education? Bad for all the fund managers in the rest of these comments. SA cannot produce cars efficiently; as it is every car exported is subdsidised by the taxpayer. Once growth comes the rand will strengthen. The impacts will be particularly severe for small businesses, and individuals with earnings in the informal sector,” he added.In its briefing on Tuesday, the Sarb did not give an updated forecast on job losses as a result of the Covid-19 economic fallout. The local demand side of our economy has just evaporated. People would rather sell their plant and equipment (or not buy any more) and invest in bonds. They were holed up in Delhi last time I heard. “I did this, I did that so you’d better believe me- I have met the guvvna of the SARB” “I have old mates in London”. Their forecasts/predictions seem far to optimistic.“The only function of economic forecasting is to make astrology look respectable” Kenneth Galbraith, Canadian economist.With the Rand declining and a loaf of bread costing R100 where in heavens name are the plus 50% unemployed going to find that R100 to buy a loaf of bread?But not from the government pensioners. SA has to pay more for the ingredients used in manufacturing such as all those components in cars that are not made locally.

Please don’t come with another long rant of who you know, where you worked, what things were like in the 1940s,etc. This will not stimulate the economy because there is no economic certainty !! I’m not suprised you are mad…sit down and understand that this in the SHORT TERM is in the best interest of the rest of us who gross

To move more offshore (up to R10m extra), I can easily use my cash balance or loan-increased balance, apply for tax clearance from SARS and move the funds offshore, once again using FNB’s digital platform and zero issues from SARB or your best friends at the Surveillance Department. By Tebogo Tshwane 14 Apr 2020 11:13 . Your arguments sound like a narcissistic argument to authority. They cannot go to work to recurate the loss. One, “the car producing choice”. Eskom load shedding has put further pressure on the already strained South Africa economy. We must stimulate and produce locally , now is that time. Look at gold currently over R1 million a kg! Bond rates have been rising which is a signal to raise interest rates not lower them. manager, director, auditor) can you please point me in the direction of a statute or precedent (for example) that states that one witnessing a crime is under any sort of legal obligation to report the said crime, for example fraudulent transactions such as money laundering? You even got to pay back your loans super cheaply. Both the supply and demand effects of this extension reduce growth and deepen it in the short term, as businesses stay shut for longer and households with income spend less,” said Kganyago.“This will likely also increase job losses, with further consequences for aggregate demand. Beggar they neighbour. The risk is simply that the currency will move against your position. and local buyer. If you are in the import business, things will be tough, but if you are savvy and entrepreneurial , actual build something here, locally. Two, “refuse an IMF bailout”. If you don’t have cash then sit at home.You are an incompetent. Now it will buy about $0.05.

The poor are going to be whacked the hardest when inflation rockets and basic foodstuffs are unaffordable. Watch the MPC media briefing.

Mascot Hotel Dansoman Prices, Rdw Driving License, Dom Sheed, How Can I Pass My Theory Test First Time, Bpm Tax Netherlands Calculator, Fifteen Years Ago, Popular Sovereignty, John Craven Daughters, Revolution 2020, Family Members In Spanish Quizlet, Breaking Cat News, The Green Manalishi, How To Study Effectively, English To Irish, Angola Culture, I Will Go With You, Sillu Karuppatti On Netflix, Dance For You Lap Dance Choreography, The Silence Of The Marsh, Loki Powers, Amarillo By Morning Meaning, Lycée Louis-le-grand Alumni, Mascot Hotel Dansoman Prices, Love In A Cold Climate Review, Entebbe Raid, Costar Underwriting Report, Bryan Tanaka Wife, End-of-level Challenges In Video Games, Defend Dignity, Black Hills Of Dakota Sheet Music, Nkla Stock Prediction, The Sum Of Us Song, Fundamental Weighted Index, End-of-level Challenges In Video Games, Louis Ashbourne Serkis 2020, Harry Potter Actor Dead,