State of the Rand: Should local entrepreneurs be worried?
Mercantile Bank says the weakening Rand will mean that South African entrepreneurs cannot afford to be reckless with finances.
Mercantile Bank says the weakening Rand will mean that South African entrepreneurs cannot afford to be reckless with finances.
The local economic outlook seems quite bleak at the moment, except for those who manufacture and export vehicles. They’re loving the Rand’s weakness.
Brian Kantor says the South Africa Reserve Bank needs to change the narrative on inflation and interest rates to take full account of the economic realities.
South Africa posted its smallest current account deficit in four years in the second quarter as a weaker rand boosted exports and curbed consumers’ appetite for imports.
The rand’s top forecaster is predicting South Africa’s currency will rally after dropping to a record low.
Metals Focus analysts note that the general gold production costs decline experienced almost globally has not happened in South Africa, where total cash costs have risen 3% year-on-year.
Those who believe the cure for a low gold price is a low gold price be giving attention to the sharp decline in US production stemming from bullion’s slide.
Moody’s thinks South Africa’s credit rating doesn’t warrant a negative outlook despite a worsening economic landscape.
While gold has fallen in US dollars this year, it has actually risen in most major gold producing nations’ domestic currencies.
Ted Black analyses the stark contrast in earnings between broadline retailers Woolworths and Massmart.