TODAY'S RAND depreciation, the so-named flash crash, is the result of several factors, many of them self-inflicted. Although analysts attribute the drop as a reaction to the blow-out in the Chinese market, and the fallout from the Nene fiasco, th...
Tag: Rand
How much did it cost South Africa to prop up the Greenback?
TREVOR MANUAL will come to rue the day he chose to support the Dollar and devalue the Rand. South Africa's entry into financial markets has literally cost every man, woman, and child R6000*. In an instant we have wiped out the gains of the last five years, pushing the currency back to levels that...
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