Tag Archivesrand

Sanlam Private Wealth on financial education and inherited money

How politics is driving the value of the rand

By Bianca Botes, Corporate Treasury Manager at Peregrine Treasury Solutions. In recent years the financial market landscape has changed dramatically, and the way we analyse countries and their risk has followed suit. Over the past few years, investors have proved that regardless of the economic soundness of a particular nation, political stability is now a […]

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old mut

The offshore conundrum for SA investors

By Zain Wilson, Portfolio Manager at Old Mutual Investment Group. The recent announcement that South Africa has officially entered a recession, following two consecutive quarters of negative growth, appears to have largely reversed the optimism that took hold of the country following the change in leadership at the beginning of the year. While the global […]

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IMF, Treasury, economy, GDP, unemployment, International Monetary Fund

Real GDP contracts for second consecutive quarter in second quarter

SA’s real GDP contracted for the second consecutive quarter in the second quarter, but the rate of decline at least moderated to a seasonally adjusted annualised 0,7% q-o-q from a downwardly revised 2,6% (previously 2,2%) in the first quarter, Nedbank economists said today.  The outcome was worse than market expectations of marginal growth of around […]

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Bianca Botes, corporate treasury manager at Peregrine Treasury Solutions

Rand plummets as SA enters recession

By Bianca Botes, Corporate Treasury Manager at Peregrine Treasury Solutions. After breaking through R15.00/$ this morning, the ZAR slipped to R15.12 after news broke that the South African economy had slipped into a technical recession with GDP falling -0.7% quarter-on-quarter annualised and rising by only 0.4% year-on-year and undershooting market expectations. This follows a restated […]

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Bertus Visser, Chief Executive of Distribution at PSG Insure

How rand depreciation affects your insurance cover

By Bertus Visser, Head of Distribution, PSG Insure. Times are tough in markets across the globe, and South Africa is no exception. To make matters worse, continued pressure on the rand – largely due to factors outside South Africa’s control – is fuelling inflation fears and adding pressure to an already struggling economy. This affects […]

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How to stuff a Turkey

Turkey’s financial woes have escalated into a full-blown crisis, with other emerging markets, including South Africa, suffering some collateral damage. According to Dave Mohr (Chief Investment Strategist) & Izak Odendaal (Investment Strategist), at Old Mutual Multi-Managers, Turkey faces challenges on a number of fronts. “It is in an unstable neighbourhood and runs a large current […]

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Pile-of-dollars

Nedgroup Investments Cash Solutions launches US dollar solution

Nedgroup Investments Cash Solutions says in a statement today that it is launching a US dollar solution. (more…)

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Maarten Ackerman

Emerging market storm ensnares rand

By Maarten Ackerman, Chief Economist, Citadel. Having experienced its largest one day fall in over a decade, the rand is trading at the weakest levels seen since 2008, briefly touching R15.55/$ overnight before levelling out at R14.55/$ this morning. (more…)

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