R20 to the dollar is a possibility, says Investec Chief Economist Annabel Bishop

The rand remains weak as the commodity price slump intensifies.

The chance of South Africa slipping into a recession has increased while interest rate hikes are becoming more likely.

This is according to Annabel Bishop, Chief Economist at Investec.

Scroll down for quotes from the audio below.

The rand is a proxy for ‘risk off’.

Annabel Bishop, Chief Economist at Investec

The biggest drivers of rand weakness over the past week were global factors.

Annabel Bishop, Chief Economist at Investec

R20 to a dollar is a possibility.

Annabel Bishop, Chief Economist at Investec

A lot of investors are factoring in a sub-investment grade rating for South Africa.

Annabel Bishop, Chief Economist at Investec

Subscribe to our Business Wrap Newsletter

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
South Africa’s economic growth rate to fall below 1%, says IMF

South Africa’s economic growth rate to fall below 1%, says IMF

Mike Wills interviews Lesiba Mothatha (Chief Economist at Investment Solutions) about the IMF’s dire prediction.

Slower growth and plummeting markets the refrain at Davos - Bruce Whitfield

Slower growth and plummeting markets the refrain at Davos - Bruce Whitfield

Mike Wills interviews regular “The Money Show” presenter Bruce Whitfield, who is in Davos, Switzerland.

Fear to drive South African property prices higher – Lew Geffen

Fear to drive South African property prices higher – Lew Geffen

Many analysts are forecasting real property price deflation over the next year. Estate agent Lew Geffen disagrees.

Commodities could remain cheap for another 15 years – economist Mike Schussler

Commodities could remain cheap for another 15 years – economist Mike Schussler

We are now firmly in a downward commodities super cycle that may last for another 15 years, says Mike Schussler in his latest column.

Government vows to ‘intervene more decisively’ to speed up economic growth

Government vows to ‘intervene more decisively’ to speed up economic growth

Nazmeera Moola, Economist and Strategist at Investec Asset Management, discusses Thursday’s cabinet meeting.

Popular articles
Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.

Kay Sexwale denies involvement in ANC 'War Room' saga

Kay Sexwale denies involvement in ANC 'War Room' saga

Sexwale says she advises the provincial not national ANC.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Bylaws, times you may use fireworks

Bylaws, times you may use fireworks

City of Johannesburg has urged residents to respect by-laws and the times set for fireworks to be used.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.

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...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?