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Author Topic: Live chat  (Read 2973737 times)

jaDEB

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« Reply #4665 on: September 22, 2016, 12:50:42 pm »
Patrick, something is wrong with the IC, it shows Magash's have Minus R452000 cash, are u using it pay your University fees?
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jaDEB

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Moonraker

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« Reply #4666 on: September 22, 2016, 01:16:39 pm »
@Orca ABN have already forward covered their R purchases, so not  a reason for R strength past few days.
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Orca

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Re: Live chat
« Reply #4667 on: September 22, 2016, 02:29:07 pm »
According to Moneyweb yesterday, the buying will carry on for "a few weeks".
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marguerittereed

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« Reply #4668 on: September 22, 2016, 02:32:44 pm »
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jaDEB

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« Reply #4669 on: September 22, 2016, 02:34:00 pm »
Why is the JSE a Screamer today?
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jaDEB

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Orca

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Re: Live chat
« Reply #4670 on: September 22, 2016, 02:34:54 pm »
Bloomberg yesterday: "The bottom line: actual or speculated SABMiller-related flows will provide significant help to the rand for weeks to come.”
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Orca

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Re: Live chat
« Reply #4671 on: September 22, 2016, 02:52:47 pm »
jaDEB. No rate hike by FED so good for USA stocks and we follow suit.
TOPI exceptionally oversold. Indicators show a reversal especially for commodities. Double bottom and 200MA confirms a short bull run.
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gcr

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Re: Live chat
« Reply #4672 on: September 22, 2016, 03:11:10 pm »
The way the All Share is performing today and the resilience of the Rand I don't see any repo rate adjustment today
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Patrick

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Re: Live chat
« Reply #4673 on: September 23, 2016, 08:09:57 am »
Quote from: marguerittereed on September 22, 2016, 02:32:44 pm
A new forex idea?? http://view.ceros.com/moneyweb/the-investor-september-2016/p/11
Thanks for the tip. I contacted them to see what their charges are. They wouldn't commit to a fixed spread, but said it's generally spot rate + 0.5%. They also have a R350 fee per transaction. That would make them cheaper than exchange4free (spot+1%) for large amounts, smaller amount will be quite similar I think, as exchange4free has a lower R120 fee for transaction under R100k.
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conradl

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Re: Live chat
« Reply #4674 on: September 23, 2016, 10:03:54 am »
Not sure about Std Bank spread, but Min fee is R140 or 0.51% and capped at R790 (excl the fees on the other side). Daylight robbers I say and they aren't interested in giving better rates above 100k. Patrick, have you used exchange4free? I think ill give ClickFX a try in my next offshore tranch.
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Patrick

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« Reply #4675 on: September 24, 2016, 04:43:23 pm »
FNB is around 2% over spot rate, I don't think any other banks will be much cheaper. I have used exchange4free, the service was good. ClickFX will be about R150 cheaper for a R100k transfer. I'll give them a try next year when my discretionary allowance renews.
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100ways

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Re: Live chat
« Reply #4676 on: September 26, 2016, 02:35:24 pm »
Exchange4Free are really good. Moved cash offshore and on the Sterling/Rand rate they were few cents of the spot but no transfer fee to transfer the cash.
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Patrick

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« Reply #4677 on: September 27, 2016, 08:47:10 am »
Do you remember how far off spot rate they were perhaps? For my USD transactions the spot was R14.30 and I was given R14.45 as their rate.
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Orca

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Re: Live chat
« Reply #4678 on: September 27, 2016, 07:47:38 pm »
GBP/ZAR at the same value it was almost 3 years ago.
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Patrick

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« Reply #4679 on: September 28, 2016, 11:03:40 am »
USD at R13.47 looking good. Let's hope it stays here or goes lower by payday next month. That'll be my last offshore batch for the year.
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