Money matters: What to consider when moving abroad
If you move your money when the exchange rate is strong, you could be much better off than if you made your transfer when the rate was lower.
If you move your money when the exchange rate is strong, you could be much better off than if you made your transfer when the rate was lower.
Because many of South Africa’s neighbours – like Namibia – peg their currencies to the rand, these countries are starting to feel the heat economically.
Pravin Gordhan said following the result of the Brexit referendum, developing countries including South Africa, were experiencing volatility in business.
Brian Kantor looks at the markets reaction post the S&P decision to maintain South Africa’s credit rating, and asks if there’s more favour to be shown.
The South African manufacturing sector started 2016 on the back foot as the seasonally adjusted Barclays PMI fell by 2 index points to 43.5 in January.
The rational approach is to only invest in shares when the odds are in your favour; and hold back or even lighten your stake when conditions are unfavourable.
The Rand was a touch firmer against the dollar on Monday despite last Friday’s credit rating downgrade from Fitch, suggesting the market had largely priced in the move.