South African Dilemma!

URGENT UPDATE. SEE MINING NEWS IN THE SIDE BAR The ANC has been in power for 23 years with out any serious rivalry from other parties. No...

About Me

Retired but always looking for new challenges.

Thursday, February 2, 2017

EXCHANGE RATES

Whilst its obvious that political decisions have an effect upon exchange rates here in South Africa and abroad in the longer term,this has really little effect on the day to day movements of the currency. 
The newest page updates are always at the top of the INDEX above.
As an example if the price of resources, such as gold or platinum suddenly increase significantly we export more than usual , the Rand will gain against the American Dollar .On the other hand if we buy say half a dozen aircraft for our domestic  a fleet at one time the reverse would be true and the Rand would come off sharply. As the demand for resources increases we are likely to buy capital machinery for the mines and factories to replace older worn out equipment . These moves are planned years and months ahead.
It always irks me when our reporters seem to follow the same pattern as overseas commentators,by giving a political instant reasons for these day to day moves!

IN THE RIGHT HANDED SIDE-BAR ,AT THE TOP OF THIS PAGE CLICK ON 
                 STOCK TRADING TRENDS
LATEST UPDATES ON OTHER WEBSITES.
THEN CLICK ON
1. BARRY'S AND NAOMI'S SMALL/MID CAP  SHARES
  OUR FULL SMALL CAP AND ALT-X LISTS PUBLISHED FOR 2017 UPDATE 9/JAN/2017
2. ABACUS ACTIVE STOCK ALERTS. SEE OUR TIPS ON MINING SHARES   UPDATE 6/ JAN / 2017

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 4. SOUTHERN AFRICAN MINING AND RESOURCES NEWS
NEW YEAR LISTS NOW IN PLACE FEB 2017