Global Fundi Finance

The global environment remains highly uncertain.  While there are signs of a revival in the US economy, much of Europe is in recession, and significant financial risks cloud the global economic outlook. South Africa’s finances are in good health – get the full SA Budget Speech 2012 today!  

Sterling Rand was locked in a pronounced downtrend until the start of February. Last Thursday saw the pair recover to trade to its highest level since the 26th January following strong British Retail Sales numbers and a wobble in share markets due to fears over Iran’s nuclear programme and the lack of positive noises coming [...]

What an interesting week for the SA Rand.  Fisrt big gains against the US dollar, then losing ground and last week saw the British pound and ZAR exchange rate stage a mini-recovery. The pair was languishing below the 12.0000 level last Monday – and of course by Friday lunch time, it had recovered to trade [...]

So will Minister Gordhan announce and implement what has been agreed upon to boost the economy. It is expected that the budget deficit will be even bigger than the 5.5% forecasted in October 2011, as economic gorwth, which affects tax revenues, has disappointed. Gordhan has stated the growth might well be below 3% this year – not [...]

We think this is a bout time that the banks get tough with their management and service  delivery improves.   For too long have huge bonus’s been paid and it seems that the plethora of management hoppers that move from one board to another or company to another with massive payments for just being their needs [...]

An increase in investor appetite risk saw the  Pound’s action over the past 5 to 6 weeks under heavy selling pressure against the Rand.  This must be because of weak UK data releases and of course support for the South African currency. This took the GBP ZAR exchange rate to a new 3-month low of [...]