🔒 Premium: Rand’s 17% three month plunge exactly offsets US tech stock market drop

START YOUR DAY BETTER INFORMED – HERE’S THE LINK TO TODAY’S EPISODE OF THE BIZNEWS BREAKFAST BRIEFING: US inflation hits 9.1%, markets shudder then recover; Msimang on why Cyril must go; AfriForum crime-fighting force


It’s been a tough few months for the BizNews Share portfolio, a period requiring patience and nerve as US stock markets (where we’re focused) went through their worst stretch in half a century.

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But if there’s one thing we should have all learnt in the past couple weeks, it’s how vulnerable investors are here on the Southern tip of Africa. Because we live in a country governed (until 2024 anyway) by a corrupt bunch of hapless economic ignoramuses.

In the last three months, SA’s national currency has lost 17%, much of it in the past three weeks. That has exactly matched a historic collapse in the Nasdaq index during the same period. So, while Americans are licking their wounds, we have some solace, because in Rand terms, values haven’t budged. 

Plenty more on that subject in a fortnight (July 26) during the monthly webinar where provide updates on our model share portfolios. Registering early ensures you will be reminded ahead of the event. Click here to signup. It’s only for Premium subscribers. 

More for you to read today: 

WATCH: ANC veteran and inaugural chairman of Corruption Watch, Mavuso Msimang (80), hit South African news headlines this month after calling for president Cyril Ramaphosa to step down over the Phala Phala scandal, the first high profile member of the ‘good’ ANC to adopt this stance. He explains why during this in-depth conversation with Alec Hogg of BizNews.com, airing the even more controversial view that losing power in the 2024 National Election may be the best thing that could happen to the ANC.

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