The rising gold price, the weak Rand that just can’t lift its head, coupled with the uncertainty over the country’s economic situation, has moved investors away from the money unit. Currently, Investgold is selling up to 5,000 gold coins per week, which is a strong indication that confidence in the Ramaphosa regime is continuing to..
Continue reading…
The weak Rand makes investors move away from the currency, now rely on gold instead
Posted on Leave a comment
The Rand remains on a rollercoaster of volatility -the currency continued to weaken due to the heightened global growth risks after talk of financial bailout for Eskom
Posted on Leave a comment
Last week’s poor global data is indicative of a worldwide economic rough patch. Talk of another massive financial bailout for Eskom has put South Africa on thin ice with Moody’s. The country is said to be fighting a losing battle to keep its last remaining investment grade credit rating. Foreigners have already begun dumping R2..
Continue reading…
SA currency now worst in the world – ANC the guilty party for display because of land expropriation policy, corruption and fraud as well as where internal fights are the order of the day
Posted on Leave a comment
The South African currency, the Rand, has reached its lowest level since September 2018. The state’s debt burden, Eskom’s inability and negative comments from potential downgrading agencies, are cited as reasons for the poor performance. Standard Bank’s Warrick Butler stated that the Rand is currently the poorest performer of all payment instruments worldwide. The Rand..
Continue reading…
Goodnews, SA is out of recession: Four factors which ignited the economy
Posted on Leave a comment
After slipping into a recession at the start of September, Mzansi has made an instant recovery. The country’s GDP has risen by 2.2% in three months.
Continue reading…
NWO’s Ramaphosa wants single currency for Africa. Has the Euro disaster not taught them anything?
Posted on 32 Comments
The president is attending an AU summit and wants the continent to rid itself of a ‘colonial mentality’.
President Cyril Ramaphosa on Tuesday strongly punted the idea of creating a single homogeneous currency for African countries in a bid to attract infrastructure investment and enable ease of intra-African trade.
Continue reading…
Rand is slowly losing steam after realizing there is not much difference between Zuma and Ramaphosa’s policies
Posted on 1 Comment
The rand is slowly losing steam after the initial recovery following Cyril Ramaphosa’s election as president of the ANC. All the optimism about a new “president” is slowly decreasing and economists believe that the currency is falling back and aligned with previous dissertations. This comes just after Ramaphosa’s land grab threats to seize land without..
Continue reading…
Generous Apartheid era handout of R50bn per year still funds 50% of Swaziland’s, 44% of Lesotho’s, 35% of Namibia’s and 30% of Botswana’s entire government revenue.
Posted on 3 Comments
Neighbouring black states are still benefiting from Apartheid structures setup in 1969. For 50 years South Africa has been paying this money over subsidising these country’s governments. Black Africans continue to ride the horse they flog to death… Are white South Africans really just that naive, vain and gullible? The Southern African Currency Union (SACU) is most easily identifiable in..
Continue reading…