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| Posted By: John Posted On: Aug 18, 2004 Views: 3118 | The Rand How many companies especially in the mining sector wants to destroy jobs and lay off 1000s of employees? In a third world country like SA we just can't afford this. a Weeker rand will create jobs and most importantly SAVE jobs! |
| Posted By: Johan Posted On: Aug 18, 2004 Views: 2596 | The Rand Everyone who tells us that the economic fundamentals look good and that the Rand should remain strong seems to ignore/forget a key economic variable that is actually so bad we don't even want to think of it. UNEMPLOYMENT (including those who have stopped looking for jobs)is now OFFICIALLY at ca 40%. (And then we wonder why crime and violence is so bad???). How many more jobs need to be destroyed before we will recognize what our single biggest problem in the country is?? Only a much weaker Rand will create jobs!! |
| Posted By: Marthinus van der Westhuizen Posted On: Aug 9, 2004 Views: 2798 | The Rand In my opinion a stronger rand against the dollar is in the long term interest of South Africa. It will become evident when the effects of imports such as capital goods, fuel etc. become cheaper. There is also the international perceptions of South Africa which need to point to a place of stability and prosperity. Those departments responsible for promoting South Africa as such a place keeps a very low profile at present. |
| Posted By: Guest Posted On: Aug 7, 2004 Views: 2375 | Peg the rand Show me an average consumer who ever saw the benefits of a stronger rand? Everything we buy is more expensive than when the rand was very weak. Why don't retailers give the savings on imports they make back to their customers?, because the rand has become a 2nd commodity, like shares. It can be used to generate extra profits. I say we peg the rand at a comfortable level of R8.5 to the $ and let it be reviewed every few months just like the Reserve bank reviews the repo rate. In this way, businesses don't focus on playing the rand, but get back to sound economic fundamentals which will grow the economy. All 1st world countries with stable exchange rates focus on growth, we focus on what the continual exchange rate risk will do for or against us. We have the most volatile currency in the world right now for reasons most of us don't know ( speculation ? ). Stability goes out the back door when volatility comes knocking at the front door. |
| Posted By: Nico Posted On: Jul 29, 2004 Views: 2343 | Rand strength I listened on a radio station the other day how they talked about protecting yourself against the Rand now that the Rand is weaker against the Dollar again. I cant beleive the people still wants to do that , they will allways complaine about the Rand because they are allways trying to protect themselfs against a weaker Rand , and that part of the South African Economy is LONG GONE! |
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