Rand under renewed pressure

[Olazz]

For you Saffa's who are interested or are going back to live!

Hardly surprisingly that after the poor GDP figures were released showing a contraction in economy, when the worlds other developed economies moving towards steady expansion.

Zuma booting out Pravin Ghordan (finance minister) over the weekend didn't help matters either!!
Both Lonmin and Anglo showed strong numbers here, (reconciliation with striking workers), so this may just help hold the Rand from sliding to 20!!

One has to wonder if Nene the deputy finance minister has what it takes to assuage foreign investors who are universally nervous.

Methinks this is Zuma in panic mode hence the chop.

IMHO and could be complete tosh of course.

 

[Crispin]

Does not bode well if you're trying to bring money here from there brilliant if you're going there on holiday in a few months

Do you think Zuma is in panic mode? Me thinks it's business as usual for him.
If stuff like this made him panic it suggests he knows what's going on and actually gives a toss. His defiant actions disagree...

Sent from my GT-I9300 using Tapatalk

 

[ignat]

One has to wonder if Nene the deputy finance minister has what it takes to assuage foreign investors who are universally nervous.

Sure he will be just fine


http://www.youtube.com/watch?v=XnHIeXQCfog

 

[Crispin]

That clip cracks me up. I love the way after the first break he's desperately trying take the weight off...

 

[frank rabbets]

Almost as unstable as the economy.