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


Recommended

by NEWSROOM AI

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
Retirement: 8 biggest mistakes people typically make…

Retirement: 8 biggest mistakes people typically make…

The Money Show’s Bruce Whitfield interviews Galileo Capital Financial Advisor Warren Ingram.

I was not introduced to Ajay Gupta - Grootes

I was not introduced to Ajay Gupta - Grootes

Stephen Grootes says he believes former Eskom CEO Brian Dames when said he was not formally introduced to the Gupta family.

Vavi: I can't sleep at night for making Zuma the president

Vavi: I can't sleep at night for making Zuma the president

Zwelinzima Vavi says South Africa is paying dearly for choices they've made in being angry with Mbeki and not thinking logically.

Why the PAC wants South Africa renamed Azania

Why the PAC wants South Africa renamed Azania

Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.

WATCH: Zuma denies crisis at Sassa, won't evaluate isiphithiphithi (chaos)

WATCH: Zuma denies crisis at Sassa, won't evaluate isiphithiphithi (chaos)

Zuma says he cannot be expected to act against Minister Bathabile Dlamini on social grants matter now before the ConCourt.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

5 most important years in anyone’s life (when it comes to investing)

5 most important years in anyone’s life (when it comes to investing)

How old are you? Financial advisor Warren Ingram discusses the five most important ages in anyone’s investment career.

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...