It is sometimes difficult to follow President Jacob Zuma’s explanations of events. His utterances can be so convoluted that the thread of logic is all but invisible. Or else they are patently contradictory. At other times he makes plainly incorrect assertions that are never retracted. So they lie there, littering his political reputation like discarded […]
rand
Posted inBusiness
Where should the rand be?
For those who see conspiracy in the steep plunge in the value of the rand against the US dollar, the graph below showing the decline of the Australian dollar can only mean a similar conspiracy against the Australian currency. If you don’t believe in conspiracies — which is not the same as acknowledging that traders […]
Posted inBusiness
The rand’s fall – it’s deja vu all over again
At around R13 to the dollar now, our exports must be quite competitive. They could get quite a lot more competitive soon. At the same time as being a temporary boon for the mines, a weaker currency should boost the trade balance because we’ll all have to cut back on imports. A weaker currency also […]
Posted inBusiness
Disco brings the rand back
I’m not a huge fan of ATM fees. My feeling is if banks insist on charging cover for access to money that was mine to begin with the least they can do is roll out the red carpet. Offer me the financial equivalent of getting kissed before I get screwed. It’s only appropriate considering the […]