The million-dollar question for South African investors is the exchange rate. The reason for this is that 50% of the JSE’s overall earnings is now generated from overseas. A weaker rand translates into higher earnings and thus higher share valuations.
Blame it on a mid-life crisis, but I recently acquired a motorcycle much to my mother’s dismay. I vividly recall the same response from her some 32 years ago when my Dad agreed to me getting a 2nd hand 50cc
It is interesting how Rand weakness seems to negatively affect our collective psyche and overall sentiment, notwithstanding that most South Africans probably don’t understand the full implications of currency weakness. Maybe it’s our fears of becoming a banana republic like
The title of this week’s article refers to a comment made by a Coronation Fund Manager in reference to the indiscriminate firing of Minister Nene by President Zuma and then the subsequent reversal four days later when Des van Rooyen
Is there a fiscal crisis in SA; this is a nice way of asking if SA is going broke? In my opinion there are sufficient signs to warrant concern. In 2008 SA domestic debt as % of GDP stood at