The rand and local equities crashed on Thursday, with local bonds having their worst day since 2015, as investors digested news that SA’s political and economic outlook just became far riskier.
The rand fell almost 4% to R17.64/$, while the yield on the local 10-year government bond spiked 91 basis points to 11.71%, an 8% crash, and some local banks fell by almost double digits. The rand's loss was the biggest since November 2016. The slump in banking stocks was the worst since April 2020, at the height of the Covid-19 pandemic.Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
_Business This rand got eyes hey ' very interesting indeed
_Business We're used to this shitty reporting
_Business Madness…
_Business Nonsense
_Business Propaganda news
SizweDhlomo _Business They can fotsek. We will not be held hostage by a nincompoop president just because he has the support of conglomerates.
SizweDhlomo _Business Leanya bo wena
_Business Who cares we need him out in that position his a gangster finish
_Business The Rand will rally spectacularly the day the ANC is finally removed and thrown in the rubbish bin of history where it belongs.
_Business Wonder who made their millions or billions off this crash...
_Business Let everything crash. We will start afresh without him.
_Business What about his billions given to him by the IMF. Give it to the poor Ramatsotsie
_Business 😂 😂 You are a joke
_Business Viva Viva Viva Viva Viva Vokkol
_Business A perfect example of who runs this country. It's time to break away from these western parasites. The resourceless west is a sinking ship Cyril's keeps forcing down our throats.
_Business The Rand must be the most temperamental currency on Earth....!
_Business Let them crash.
_Business Black ppl have no assets,Gede!!
_Business The rand can take a dive. Ramapromises is going.
_Business This is funny...
_Business SA is not run by the market. When the hour is set, the Rand can be manipulated all they want but Cyril will go. We are going to make manipulation of the Rand a treasonable offence in South Africa. Watch the space
_Business Rand is quite something, it didn't drop during Covid_19, disappearing of 500 billion & during Stage6Loadshedding but it does when there is a possibility of resignation 😂😂😂
_Business Since 2015? This Rand is so emotional I'm sure it's controlled by a white man somewhere 02 Nov 2022 = R18,27 / usd 02 Dec 2022 = R17,47 / usd Someone is spreading propaganda and fake news PhalaPhalaFarmGateCriminal
_Business Rand had long crushed, those investors must just leave us alone
_Business The rand hates it when the dollar is exposed from it's hidding place under sofas and mattresses JSE_Group SAReserveBank 🤭🤣
_Business Unstable political system cause
_Business It’s time for action! We are gatvol of talk.
_Business Eish this is bad
_Business Business controlled by politicians 🤞 rand is going to fall because it has eyes who must be elected mxmmm 😂 let's say ramaphosa god took him today is the rand going to fall forever?come on 😂rand is a politician 🤞
_Business Is Maria Ramos busy with the Rand manipulation again?
_Business we been poor even with him in office let it crash. spaza shop economics
_Business When Finance Minister Godongwane was busy sexually assaulting a young woman COMRADE was comfortable
_Business We don't care the Rand can go to hell Ramaphosa must go. The Ramaphoria is gone
_Business This currency fluctuations are 'manufactured' BS aimed at serving a few hardened Capitalist. They take advantage of a very dubious 'perception index' built into this 'currency manipulation model'
_Business Fokof
_Business
_Business We will recover stop being dramatically. Not so long ago pound crushed look where it is now after a shake up. Scaremongering!!
_Business isn't Mária manipulating the currency for political reasons as she has confessed to have done so before
_Business
_Business corrupt business crooks have now started to manipulate the rand to save their puppet.
_Business We don't care about the rand anymore, it is very emotional especially when WMC are not happy
_Business Markets always bounce back 😌😌😌
FairJoy_RSA _Business So the Rand is comfortable under the sofa?
_Business We don't care shem
_Business Manipulation
_Business Our take is that its the financial industry trying to blackmail us into retaining a president we neither want or need anymore. They can crash themselves silly, the truth is we cant with Cyril anymore
maggsnaidu _Business Securing your BITCOIN profits, requires a well inclined account manager that can give you the best service. That's why you have Deirdremerson a honest and trustworthy trader... Thanks a lot ma'am for helping me win, I appreciate your goodness and i recommend you. Godbless you
_Business Lmao hello old friend back again in such a convenient time! Nxa
_Business 1US$= R17.61 ZAR🇿🇦. This exchange level is not prohibitive to trade of import of capital goods and energy goods and for exports. Their prices are determined in the world market. However, for the middle class, it's prohibitive to travel and import lux goods.
_Business ❗FACTS TO KEEP IN MIND SOUTHAFRICA 🇿🇦 ZAR/USD = R17.60 PRIME INTEREST = 10.50% CPI (OCT 2022) = 7.6% GDP (Q2:2022) = -0.7% UNEMPLOYED = 33% RamaphosaMustGo
_Business Is our currency somehow related to Cyril because whenever he has to go it acts like a spoiled little bratt
_Business Dandaheads won't understand the effect of this. If it continues to crash then S. A will be like abomdiwa wangu. Can you realy chase a president by failing to go to police station to report a case? What a joke. Others builds Nkandla ocean pool but still want power even today
_Business What a choice for South Africa; between the devil you know and the devil you know and the devil you know and the devil you know. Zero credibility.
_Business Ok
_Business mxm...your bad writing...you have waited until the president announced the resignation....but u relied on fake news....atleast we are not working, you the middle will suffer because of your actions
_Business Laat Nomvula dit optel😂😂
_Business It must crash very hard. Those rating agencies are no longer reliable. They depleted their credibility.
_Business Iyatefa lelanti😆😅😂😃isibangela is'cefe
_Business Which assets coz that thug sold most of it...
_Business Let it crash ....we careless about it..
_Business Apartheid Rand must fall.
_Business Reminds me of a girlfriend I had.
_Business It seems the markets are run by criminals. Finance minister was accused of sexual harassment and the rand supported him. CR violates precca act the same act established to curb corruption but the rand support him. This rand is confusing and confused.
_Business Can the media be partly blamed for fueling the speculation?
_Business 😂😂ave nidakwa nina
_Business This man went all corners of the world looking for investors and also hosting summits now he must resign🤔🤔 it’s gonna be interesting.
_Business we are happy with that
_Business At this moment we don't care about the Rand...
_Business We don’t care！gare kgatele…Ntho e ya nyena ya tsamaya! 🙄🙄🚮
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