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Author Topic: Live chat  (Read 2927333 times)

Orca

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Re: Live chat
« Reply #7035 on: June 07, 2018, 08:04:14 pm »
It should trade back below 13 tomorrow as traders take profit. I cannot see why it weakened by such an extent.
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JohnnyH

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Live chat
« Reply #7036 on: June 08, 2018, 09:10:04 am »
Apparently the ZAR weakness is (at least in part) due to funds moving to the Turkish Lira after they had a bigger than expected interest rate rise.
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Orca

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Re: Live chat
« Reply #7037 on: June 08, 2018, 10:48:50 am »
Fin24.....The rand extended a slump after breaching R13/$ for the first time since December as investors bet there’s little chance the SA Reserve Bank will follow emerging-market peers in raising interest rates.
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willemm

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Re: Live chat
« Reply #7038 on: June 08, 2018, 06:03:59 pm »
Quote from: Patrick on June 07, 2018, 04:50:27 pm
I was wondering the same. Just withdrew some cash in Madagascar and noticed it cost me more than I thought. Found wifi and saw actually the ATM was right and I was wrong :(

Awesome Madagascar.. you should hop over further to Mauritius to my house for some rum :)
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Moneypenny

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Live chat
« Reply #7039 on: June 11, 2018, 10:13:53 am »
Wow, crypto currencies hey
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Orca

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Re: Live chat
« Reply #7040 on: June 11, 2018, 07:44:40 pm »
Portugal year on year growth an "impressive" 1,6% while the ave for the EU was 1,2%. SA had a "dismal" growth expected to be just under 2%??? WTF.
« Last Edit: June 12, 2018, 01:50:43 pm by Orca »
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Bread

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Re: Live chat
« Reply #7041 on: June 12, 2018, 11:08:09 am »
Orca, me lad. You have made a monumental you-know-what. Delete it quickly before anyone else sees it and then go back and read it again.
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Bread

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Re: Live chat
« Reply #7042 on: June 12, 2018, 11:17:50 am »
If it still says the same thing then you are in the process of learning to double and triple check the facts before posting :-)
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Orca

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Re: Live chat
« Reply #7043 on: June 12, 2018, 01:48:39 pm »
SA figure is from memory but the other 2 are from CityWire UK posted yesterday.
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Orca

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Re: Live chat
« Reply #7044 on: June 12, 2018, 01:56:44 pm »
Just checked to make sure. https://businesstech.co.za/news/finance/231297/south-africas-economy-expected-to-grow-at-1-9-in-2018/     
South Africa’s economy expected to grow at 1.9% in 2018
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Bread

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Re: Live chat
« Reply #7045 on: June 12, 2018, 04:23:25 pm »
Ah, yes. Now I see the error of your ways. I thought you said SA had a dismal expected growth rate of just under 2%, meaning so far for 2018  :D
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Orca

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Re: Live chat
« Reply #7046 on: June 12, 2018, 05:37:26 pm »
A growth of 1.6% for Portugal is considered great by economists in the UK but 1.9% is poor for SA. Then again, 7% average for Uganda, Tanzania and Nigeria is expected. I don't get it.
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shifty

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Re: Live chat
« Reply #7047 on: June 13, 2018, 10:07:58 am »
Quote from: Orca on June 12, 2018, 05:37:26 pm
A growth of 1.6% for Portugal is considered great by economists in the UK but 1.9% is poor for SA. Then again, 7% average for Uganda, Tanzania and Nigeria is expected. I don't get it.

Aren't emerging economies expected to have higher growth?
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Orca

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Re: Live chat
« Reply #7048 on: June 13, 2018, 08:37:24 pm »
Yes. Developed markets are are just that...Developed. Reading the UK financials yesterday I see many billions of GBP's leaving to offshore emerging markets. Mostly to Emerging market world ETF's and the like. So it seems like we have to keep out of Emerged or Developed markets to get more growth in ETF's.
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gcr

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Re: Live chat
« Reply #7049 on: June 13, 2018, 09:48:31 pm »
Looking specifically at our market which has been as volatile as 2007/8 here are some sobering numbers related to the ALSI:-
6/10/2017   57328.07
10/10/2017 57670.29 T40 51502.53
26/10/2017 58852.54
06/11/2017 60086.92 T40 53682.89
21/11/2017 61267.94 T40 55156.55
25/01/2018  61684.77

These number represented the highest highs
Today
13/06/2018 58437.23 T 40 52200.03 and today the ALSI moved higher by 229.41 points and the T40 290.63
So the reality is that we have had significant retracements on the indices and also our exchange rate has deteriorated quite substantially

Not a pretty picture - if only the NPA would start criminalizing some of those persons responsible for state capture and theft
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