The Rands Outlook in 2018

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Roger
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Re: The Rands Outlook in 2018

Unread post by Roger » Fri Mar 08, 2019 10:39 am

Seems may be linked to Ramaphosa indicating that the central bank would be nationalised. If this is the case, and us being only one of very few nations left with a private central bank, why does it push the currency down if it shows we are catching up with best practice?

Yesterdays news on the announcement: https://www.fin24.com/Economy/sa-determ ... a-20190307
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Re: The Rands Outlook in 2018

Unread post by cage » Fri Mar 08, 2019 10:43 am

Roger wrote:
Fri Mar 08, 2019 10:39 am
Seems may be linked to Ramaphosa indicating that the central bank would be nationalised. If this is the case, and us being only one of very few nations left with a private central bank, why does it push the currency down if it shows we are catching up with best practice?

Yesterdays news on the announcement: https://www.fin24.com/Economy/sa-determ ... a-20190307
I suspect it has more to do with the belief that an independent bank was better for the country given state capture etc.
Nationalising anything also doesn't sit well with investors in case it is the start of a trend.
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Re: The Rands Outlook in 2018

Unread post by Marius Schrenk » Fri Mar 08, 2019 3:27 pm

cage wrote:
Fri Mar 08, 2019 10:43 am
Roger wrote:
Fri Mar 08, 2019 10:39 am
Seems may be linked to Ramaphosa indicating that the central bank would be nationalised. If this is the case, and us being only one of very few nations left with a private central bank, why does it push the currency down if it shows we are catching up with best practice?

Yesterdays news on the announcement: https://www.fin24.com/Economy/sa-determ ... a-20190307
I suspect it has more to do with the belief that an independent bank was better for the country given state capture etc.
Nationalising anything also doesn't sit well with investors in case it is the start of a trend.
Once you have a bad reputation its not easy to win back anyone's trust......and any loans/goodwill becomes expansive. :twisted:
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Re: The Rands Outlook in 2018

Unread post by Fransw » Fri Jul 12, 2019 6:14 pm

R13.99..... :|
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Re: The Rands Outlook in 2018

Unread post by Bearcat » Fri Jul 12, 2019 6:17 pm

Fransw wrote:
Fri Jul 12, 2019 6:14 pm
R13.99..... :|
On dollar weakness factoring in a potential Fed rate cut
These users liked the author Bearcat for the post:
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Re: The Rands Outlook in 2018

Unread post by Roger » Thu Jul 25, 2019 3:40 pm

Rand could crash to R20 to the dollar :

https://businesstech.co.za/news/finance ... he-dollar/
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Re: The Rands Outlook in 2018

Unread post by Orthin Opter » Fri Jul 26, 2019 7:17 pm

I wonder if this has been posted? Johann Rupert, speaks out... Business Live, FinancialMail article posted with recognition and not permission... Mods?

https://www.businesslive.co.za/fm/money ... f-bailout/

Note Paragraph 7: Richemont, as the world’s second-largest luxury goods company with brands such as Cartier and Montblanc, has soared 570% over the past decade.

Most, if not all done with stolen taxpayer money / insert Tenderpreneur if sensitive to the truth. Glitterati is the sign of the well connected...
"All great truths begin as blasphemies." George Bernard Shaw.

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The main vice of socialism is the even distribution of misery." Winston Churchill.
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Re: The Rands Outlook in 2018

Unread post by V5 - LEO » Fri Jul 26, 2019 7:30 pm

...reason to go to sleep a worried man tonight - myself of course. Think that 20 rand to the dollar thread was premature, not wrong??
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Re: The Rands Outlook in 2018

Unread post by Orthin Opter » Fri Jul 26, 2019 7:42 pm

V5 - LEO wrote:
Fri Jul 26, 2019 7:30 pm
...reason to go to sleep a worried man tonight - myself of course. Think that 20 rand to the dollar thread was premature, not wrong??
I agree. Unfortunately we are not allowed to mention the guvmint and/or party in control. The prez is one of them, don't expect too much as he has to follow party guidelines of the other guys in the executive committee. If you see light at the end of the tunnel, it is a freight train bearing down on you.
"All great truths begin as blasphemies." George Bernard Shaw.

"The main vice of capitalism is the uneven distribution of prosperity.
The main vice of socialism is the even distribution of misery." Winston Churchill.
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Re: The Rands Outlook in 2018

Unread post by C Africa » Sat Jul 27, 2019 9:31 am

Orthin Opter wrote:
Fri Jul 26, 2019 7:17 pm
I wonder if this has been posted? Johann Rupert, speaks out... Business Live, FinancialMail article posted with recognition and not permission... Mods?

https://www.businesslive.co.za/fm/money ... f-bailout/

Note Paragraph 7: Richemont, as the world’s second-largest luxury goods company with brands such as Cartier and Montblanc, has soared 570% over the past decade.

Most, if not all done with stolen taxpayer money / insert Tenderpreneur if sensitive to the truth. Glitterati is the sign of the well connected...
Oh come now! Rupert didn't make his money from Government contracts! His money came from Rembrandt cigarettes mostly!

C
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Re: The Rands Outlook in 2018

Unread post by Orthin Opter » Sat Jul 27, 2019 9:59 pm

C Africa wrote:
Sat Jul 27, 2019 9:31 am
Oh come now! Rupert didn't make his money from Government contracts! His money came from Rembrandt cigarettes mostly!
C
Eish. #-o #-o #-o The 570% growth came from the ill-gotten gains of the tenderpreneurs . :roll: :roll: #-o #-o
"All great truths begin as blasphemies." George Bernard Shaw.

"The main vice of capitalism is the uneven distribution of prosperity.
The main vice of socialism is the even distribution of misery." Winston Churchill.
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Re: The Rands Outlook in 2018

Unread post by C Africa » Sun Jul 28, 2019 8:41 am

Orthin Opter wrote:
Sat Jul 27, 2019 9:59 pm
C Africa wrote:
Sat Jul 27, 2019 9:31 am
Oh come now! Rupert didn't make his money from Government contracts! His money came from Rembrandt cigarettes mostly!
C
Eish. #-o #-o #-o The 570% growth came from the ill-gotten gains of the tenderpreneurs . :roll: :roll: #-o #-o
Read the article. That growth was in his international company. It doesn't even operate in SA.

The companies that drive the Richemont shareprice are as follows (among others): A. Lange & Söhne, Azzedine Alaïa, Baume & Mercier, Cartier, Chloé, Dunhill, IWC Schaffhausen, Giampiero Bodino, Jaeger-LeCoultre, Lancel, Montblanc, Officine Panerai, Piaget, Peter Millar, Purdey, Roger Dubuis, Vacheron Constantin, and Van Cleef & Arpels.

Maybe you think the SA government ordered a lot of Purdeys for the military?

C
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Re: The Rands Outlook in 2018

Unread post by Orthin Opter » Sun Jul 28, 2019 5:31 pm

C Africa wrote:
Sun Jul 28, 2019 8:41 am
Read the article. That growth was in his international company. It doesn't even operate in SA.

The companies that drive the Richemont shareprice are as follows (among others): A. Lange & Söhne, Azzedine Alaïa, Baume & Mercier, Cartier, Chloé, Dunhill, IWC Schaffhausen, Giampiero Bodino, Jaeger-LeCoultre, Lancel, Montblanc, Officine Panerai, Piaget, Peter Millar, Purdey, Roger Dubuis, Vacheron Constantin, and Van Cleef & Arpels.

Maybe you think the SA government ordered a lot of Purdeys for the military?

C
My apologies, I bow to your superior intelligence. Being an ass, I assumed that the growth was due to those flaunting their ill-gotten gains in the RSA.
"All great truths begin as blasphemies." George Bernard Shaw.

"The main vice of capitalism is the uneven distribution of prosperity.
The main vice of socialism is the even distribution of misery." Winston Churchill.
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Re: THE RAND DOLLAR A DEBATE R100 TO USD END 2016

Unread post by paulw » Tue Aug 13, 2019 2:16 pm

paulw wrote:
Sun Feb 19, 2017 10:42 am

There are systems out there which do automated trading.
One of them being Whitebox written by SA'er Hannes Boshoff (and I think with two partners). He is now in Australia.
Whitebox does Arbitrage and High Frequency trading. To that you need two fast high speed feeds from say New York and London. Feeds being ie JP Morgan and Reuters.
The system compare market prices of a share of say Microsoft and compare the two exchanges. If it see that a share is coming down in price and one exchange is behind in price, it will place a short trade and on the system which still need to catch up and once it catch up, it close for a profit.
A bit more on arbitrage trading and the Whitebox saga (taken to court and found not guilty)
I am glad they were aquited.
Although I haven't met Hannes, I met in Rosebank and or spoken via conference calls with Australia some of the people working for him. I had to do an assessment on a local installed system. Good guys.

https://www.smh.com.au/business/banking ... 51w6p.html
.
Don't believe what I post, research what I post....
They have a book on how to take my money away? When did this happen......
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Re: The Rands Outlook in 2018

Unread post by Roger » Thu Aug 15, 2019 11:17 am

Proof that someone is always worse off than you:
The Argentine peso fell by 30% and its stock market by 37% on Monday 12 August, the worst market collapse for the country in decades. In dollar terms the second-largest single-day drop in any global stock market since 1950, according to Bloomberg. (The worst was Sri Lanka.)
Don’t take things for granted… Tomorrow is not promised.

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