Listen to Pravin Gordhan’s interview about the medium term budget and the market analysis intrviews on Summit. His major balancing act is applauded.
Main points:
Gordhan cuts forex controls to curb rand
Making it easier for companies and individuals to invest offshore.
– Business Day
– Pravin Gordhan – Finance Minister and Market Reaction intervieiws
– Transcripts
– Look out for more indepth analysis form the Financial Mail, from Oct. 30 2009
Within a month the rand has slumped from 8 rand to the dollar to above the 11 rand to the dollar mark – it has been flirting with the 12 rand to the dollar mark by dropping to 11.80 to the dollar etc. American policies to save the economy have strengthened the dollar significantly – weakening other global currencies against it.
Brigid Taylor – Currency Specialist from Rand Merchant Bank has more
The currency is currently very fragile yo yoing below and above the 10 rand mark.
Rand weakens amid recession fears – NetAssets
Rand tad firmer as aversion recedes – NetAssets
spykedup! 