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..___STEADY_PAYWALL___.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: .U.S. Inflation Hits New Four-Decade High of 9.1%. Prices up broadly across America's economy, with gasoline far outpacing other categoriesSurge for Penny Mordaunt in race to be Tory leader. Grassroots support gives her the edge over Rishi SunakUkraine Strike on Russian Air-Defense Unit Shows Impact of New Weapons From West. Strike is Kyiv's latest on high-value target after Himars began arriving from the U.S.12 Hours of Misery at Heathrow: Huge Crowds, Lost Bags, Endless Cancellations. A recent day at the London airport saw hundreds of delayed flights and long lines of travelers; 'This is the new normal'.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..NB FOR YOUR WALL STREET JOURNAL ACCESS….As a Premium subscriber you are entitled to full membership of wsj.com (normal price $29 a month). Be sure to action your access through the Premium link on the BizNews website. Because of The Wall Street Journal's credential requirements, be sure to create a password which has at least 8 characters and includes at least one letter and one number – NB it MAY NOT contain any special characters (ie #, !, @ etc). To maintain access to WSJ.com, you MUST enter our partner's website via Biznews Premium at least once a month. A final PS, if you had previously signed up for WSJ you'll need to clear the cookies from your device. Our helpdesk can assist – support@biznews.com

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

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