When I speak to investors overseas; they’re almost ignoring the political noise. All emerging markets have political issues!— Greg Kennelly, Rand Merchant Bank
The rand has powered to levels not seen since August 2015 after the US Fed announced an interest rate hike.
Following the Fed announcement, the rand was trading at R12.72.
Most economists expect two more US rate hikes this year.
At 5:15pm the rand was trading at R12.73.
The Money Show’s Bruce Whitfield interviewed Rand Merchant Bank Currency Trader Greg Kennelly.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
Everyone anticipated the Fed hike.— Greg Kennelly, Rand Merchant Bank
Yellen came out more dovish than expected.— Greg Kennelly, Rand Merchant Bank
South Africa is a good investment.— Greg Kennelly, Rand Merchant Bank
The South African Reserve Bank won’t be aggressive in cutting.— Greg Kennelly, Rand Merchant Bank
I’m very bullish on South Africa!— Greg Kennelly, Rand Merchant Bank
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
The Money Show’s Bruce Whitfield interviews Wits School of Economics and Business Science Senior Lecturer Lumkile Mondi.
The Money Show’s Bruce Whitfield interviews The Foschini Group Chief Information Officer Brent Curry.
The Money Show’s Bruce Whitfield interviews famed journalist Nikiwe Bikitsha, who is on a fact-finding mission in Uganda.
The Money Show’s Bruce Whitfield interviews Landman about her attitude to money (hopes and fears, successes and failures, etc.).
The Money Show’s Bruce Whitfield interviews Tomson about his inspirational new book “The Code: The Power of ‘I Will’”.
Looking for stock picks? Bruce Whitfield interviews Falcon Crest Asset Managers Chief Investment Officer Farai Mapfinya.
Monday (March 27) is your last chance to sink your teeth into the popular burger special which Spur will discontinue from April.
The DA believes that raising taxes is not the answer to South Africa's economic woes and propose more cost-cutting for government.
How did Ngebulana build his empire? The Money Show’s Bruce Whitfield interviewed him for his weekly “ShapeShifter” feature.
In 2001 Naspers invested $32 million in (then tiny) Tencent. Learn more about the wildly profitable Chinese behemoth...
The EFF lawyer stole the show during the state capture report court battle.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?
The tourism industry is questioning the veracity of the surprisingly upbeat tourism figures and the timing of their release.