Category: Rand and the South African economy

Why you should look beyond SA’s latest GDP numbers to find the recovery!

by Red Hot Penny Shares | Dec 16, 2024 | Best stocks to buy, Feed, FSPC, Rand and the South African economy | 0 |

I like to think of myself as a realist – although some may say my outlook veers towards pessimism. Either way, I bring this up, because of the recent “negative” reactions to SA’s latest GDP numbers…

Junk bonds and grey listing, has this changed anything for South Africans?

by Francois Joubert - Analyst, Red Hot Penny Shares | Jun 7, 2023 | Feed, Rand and the South African economy | 0 |

In 2017 South African government bonds were cut to ‘junk’ status and then even further in 2020. Then, in early 2023 our country was ‘grey listed’ by the FATF (Financial Action Task Force). The media was full of impending doom...

Why did the rand crash against these major currencies?

by Francois Joubert - Analyst, Red Hot Penny Shares | May 25, 2023 | Feed, Money Morning, Rand and the South African economy | 0 |

On 20 April R18 bought one US dollar, R22.51 bought a pound and R19.78 bought a Euro… Today you need R19.30 to buy a dollar, R23.90 to buy a pound and R20.79 to buy one Euro. In less than a month the rand has lost around 5%...