Experts weigh in on what we can expect from the South African rand after the elections in May.
South Africa is officially in a recession, and that has seen the rand take a battering over the past few days. If you think that won’t affect you, you’re wrong.
When figuring out a daily liveable budget for overseas, you might use the Big Mac price comparison method. Here’s a nifty table showing what you need to know.
Otto Warmbier ‘murdered’. Rand tanks after Public Protector bombshell. Panayiotou trial. Rooibos in hot water. Rassie coming home. Tiger getting help. Leo’s embezzled art scandal. Carrie Fisher had cocaine, ecstasy in autopsy.
If we learnt one thing from the ‘Weekend Finance Minister’ fiasco it’s that the market doesn’t react well to uncertainty. Trouble is brewing.
The rand has been in something of a tail spin for a while, although the plucky underdog now seems to be fighting back.
Here’s hoping your weekend went better than it did for the rand, close of trading on Friday seeing some truly awful numbers.