Will the rand recover in 2016?

The rand has taken several knocks during the cabinet reshuffle that saw South Africa have three finance ministers in a few days.

Ray White, standing in for Stephen Grootes, on Thursday spoke to Chris Hart, the Global Investment Strategist at Standard Bank Wealth and Investment, about the local currency's standing.

Listen to the conversation below:

The rand is hideously undervalued... One can pick that up when one goes overseas and how one's rand doesn't go anywhere...

Chris Hart, Global Investment Strategist at Standard Bank Wealth and Investment

The rand has been trending weaker for a number of years now... In terms of policy we've been defining solutions as problems... and problems as solutions

Chris Hart, chief economist at Investment SolutioGlobal Investment Strategist at Standard Bank Wealth and Investment

Recommended

by THE NEWSROOM

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Hawks Mulaudzi neither confirms or denies reports about possible Guptas arrests

Hawks Mulaudzi neither confirms or denies reports about possible Guptas arrests

Hawks spokesperson confirmed working closely with the NPA but cannot disclose cases it is working on until people are charged.

AfriForum: H&M advert was not racist

AfriForum: H&M advert was not racist

AfriForum says it has laid criminal charges against the EFF's Malema, Ndlozi and Shivambu for incitement to commit violent crimes.

Seven bodies of illegal miners dumped in open veld after being shot

Seven bodies of illegal miners dumped in open veld after being shot

Saps's Lungelo Dlamini says they were alerted to the decomposing bodies containing bullet wounds near a mineshaft in Benoni.

No suspension for De Lille while facing disciplinary  says DA

No suspension for De Lille while facing disciplinary says DA

CT mayor accused of driving divisions in the DA’s city caucus through an autocratic leadership style described by councillors.

Facebook to demote business, media posts in bid to recover user engagement

Facebook to demote business, media posts in bid to recover user engagement

Your Facebook feed will soon start to look a little different, in a move towards promoting updates from family and friends.

 Rest well, India. Our seamers are waiting…

Rest well, India. Our seamers are waiting…

Makhaya Ntini on Kagiso Rabada – the world's best bowler - and the upcoming (Saturday, 10am) 2nd Test between India and SA.

Popular articles
Almost 30 million SA ID numbers compromised after site hacked

Almost 30 million SA ID numbers compromised after site hacked

Independent Marketing Consultant in the Technology Space, Andrew Fraser says this looks like a leak and not a hack.

Signal jammers and other devices confiscated at China Mall

Signal jammers and other devices confiscated at China Mall

Several communications devices were confiscated from businesses in a raid by Icasa at China Mall on Wednesday.

Michael Jordaan (ex FNB CEO, ex Chair of Mxit) bares his soul about money

Michael Jordaan (ex FNB CEO, ex Chair of Mxit) bares his soul about money

The Money Show's Bruce Whitfield interviews Rain Director Michael Jordaan about his money beliefs and history.

'The university degree is dead'

'The university degree is dead'

Flux Trends founder Dion Chang gives five reasons why he believes getting a degree is past its sell by date.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

5 ways the NSFAS funding model will change in 2017

5 ways the NSFAS funding model will change in 2017

The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.