biometrics
Well-Known Member
- Joined
- Oct 17, 2019
- Messages
- 20,268
Below R17:$, yay! Long way to go...
Hoping Trumps fucks up the dollar and whatever is driving the Rands recovery against other major currencies continues ..... at 1:1 I am cruisingBelow R17:$, yay! Long way to go...
I wonder who opened their mouth at the beginning of June?
This seems more like the dollar weakening though, as the AUD, NZD vs us hasn't really changed that much.
I kind of doubt it due to the budget speech on the 28th, which will then probably hint at tax increases across the board in Feb/March.
I kind of doubt it due to the budget speech on the 28th, which will then probably hint at tax increases across the board in Feb/March.
I'm betting on them implementing a duties fee for online services, and they'll probably do something like extend the "amusement" tax to include online streaming services, which will make South Africa less competitive as it will reduce spending, so less money in use.
Then they'll probably mess with dividends tax as well, so impact JSE, and they'll probably try and mess with onshore vs offshore investment percentages first before going full must invest in government backed stuff; all of those decreasing the worth of the rand as all of them reduce the demand for it while higher net worth individuals will try and sell to get money out of the country.
Naah it is all some people are talking about today - seems like common knowledge for those who are interestedDo they know you have a copy of the speech?
I should have hinted a bit stronger at sarcasm.Naah it is all some people are talking about today - seems like common knowledge for those who are interested
Elections are coming - they cannot rattle too hardI should have hinted a bit stronger at sarcasm.
They are going to rattle every source of cash they can, we are just not sure how hard they are going to shake.