NEWS ARCHIVE 
A value is required.
Back to News Ramaphosa effect: Rand could strengthen to R10/USD as it hit golden cross.
Biznews.com
Print

Ramaphosa effect: Rand could strengthen to R10/USD as it hit golden cross. Biznews.com

Certain economists predict that the rand can strengthen to R10/USD that would be an increase of more than 20% which will have an effect accordingly on our offshore funds, taking in to account that the ZAR is one of the most unpredictable currencies in the world.

Our exposure to offshore funds is long term. The rand may increase in value over the short term or may not increase in value depending on the unpredictable South African politics.  However long term strengthening of the Rand against the USD is very unlikely.  Because President Trump managed to reduce the tax rate in America from 35% to 22% there is the possibility that the USD will strengthen. Shares globally to which our offshore funds are exposed, are also predicted to grow during 2018, hopefully more than the Rand is able to strengthen.

Friendly Greetings

Andre Delport

Back to News   Print