The rand has managed to claw back some of its losses as the dollar weakened slightly.
And it looks like the local currency may be benefiting from yesterday's trade account data.
But the rand's future is looking grim.
Let's take a closer look at what's going on…
A weaker dollar helped the rand regain some ground
After closing in New York last night at R12.1325, the rand has cli... ››› more
Earlier today, the South African Chamber of Commerce and Industry (SACCI) released its business confidence data for January.
The data, as measured by the business confidence index (BCI), showed the worst start to the year since 1997.
There are a number of economic reasons for this, including the negative impact of load shedding.
Let's take a closer look at what the data revealed…
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Yesterday, the rand continued to weaken against the dollar. This saw the local currency hit fresh six-year lows.
This week, the rand has battled as traders worry about the chance of another downgrade in South Africa's credit rating by Fitch Ratings.
Not only that, Eskom's problems are weighing on the government's finances. This is putting fresh pressure on the currency.
Let's take a close... ››› more
Now you might think Eskom's new Medupi and Kusile power plants will put a stop to our blackouts. But I'm afraid the problem is bigger than a simple power shortage.
We're facing a total, systemic failure.
Just last week, Eskom made an emergency announcement stating that we can expect rolling blackouts.
But in fact, in 14 months, the entire power grid will finally collapse!
This situ... ››› more
Just think of your household rubbish bin and how much you throw away every day!
Paper, plastic, food, garden waste, the list goes on and on…
But what if I told you our endless growing rubbish heaps could end up producing electricity to keep your lights burning?
Rubbish IS the clean electricity of tomorrow!
Did you know that decomposing waste on landfill sites releases methane gas?
... ››› more
The Association of Mineworkers and Construction Union (AMCU) have just footed a 5,600 strong strike at Amplats' mines. This was to show unhappiness about the suspension of 19 shop stewards following yet another illegal sit-in strike.
Now this sure is worrying for the platinum industry, as it looks like AMCU has control over its destiny.
But another completely unrelated even I saw in the news... ››› more
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