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Rand at worst level since 2003


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Old 22-09-2006, 10:11 AM   #1
Cheffie
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Question

I noticed over the past couple of weeks that it's been in a gradual decline and last night saw it had slipped way past the R14 to the £ mark.

Great for people travelling to SA but horrendous again for the South Africans living there.

Is the slide due to Zuma's case being thrown out of court or some other form of government bungle or is it a matter of the currency speculators having a field day like they did a few years ago when it fell to R20 to the £ ?

At the time of writing this and being on the phone it fell 5c!
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Old 22-09-2006, 10:19 AM   #2
Pronkertjie
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It is R14.63 !!!!!!!

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Old 22-09-2006, 11:00 AM   #3
Ade
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Quote:
Originally Posted by Cheffie
...or some other form of government bungle...
can't believe that!
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Old 22-09-2006, 01:11 PM   #4
jimswin
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Am I mistaken , or did the gold price take a major tumble in the last few weeks?

I remember that the gold price used to have a major effect on exchange rates in the past.
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Old 22-09-2006, 01:16 PM   #5
TheDuck
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Originally Posted by jimswin
Am I mistaken , or did the gold price take a major tumble in the last few weeks?
naah .. Mbeki opened his mouth and Bush kept his shut for once
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Old 22-09-2006, 01:46 PM   #6
jimswin
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Originally Posted by TheDuck
naah .. Mbeki opened his mouth and Bush kept his shut for once
So True
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