The rand weakens by 4.3% against US dollar

Since the start of September, the rand is down by 4.3% against the US dollar. This is according to Economist at Nedbank, Isaac Matshego.

He says the pressure is continuing to mount for the emerging marking of the so-called fragile 5 which includes Brazil, India, Indonesia, Turkey and South Africa.

Domestically we are continuing to see pressures on the rand and we are very worried about the fiscal numbers.

Isaac Matshego, Economist at Nedbank

Matshego says as the country awaits the finance minister's midterm budget policy statement that's coming up on the October 25. However, they are already seeing that the revenue numbers are running behind schedule.

The weaker rand simply means that we could see inflation coming under some pressure and we could see the Reserve Bank holding on on further interest rates cuts.

Isaac Matshego, Economist at Nedbank

To hear the rest of the interview, listen below:


This article first appeared on CapeTalk : The rand weakens by 4.3% against US dollar


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
How crafty Joburgers found a way to make use of mine dumps

How crafty Joburgers found a way to make use of mine dumps

Thanks to some smart creative people mine dumps are being used to hone snowboarding skills - with sandboarding.

ConsumerTalk: Loyalty is expensive

ConsumerTalk: Loyalty is expensive

Wendy Knowler explains 3 ways you could be overpaying this month on things like insurance premiums.

Egypt ousts SA as Africa’s top investment destination

Egypt ousts SA as Africa’s top investment destination

The Money Show’s Bruce Whitfield interviews Celeste Fauconnier, co-author of RMB’s “Where to Invest in Africa” report.

Poverty's tight grip on South Africa

Poverty's tight grip on South Africa

Eusebius McKaiser with the help of Thabi Leoka as well as Anele Nzimande had a robust discussion on poverty in South Africa.

Ipid calls for crime intelligence slush fund boss suspension amid fraud claims

Ipid calls for crime intelligence slush fund boss suspension amid fraud claims

Major-General Obed Nemutanzhelahe is facing a half-a-million-rand fraud investigation.

How the oil price - in rand – has gone up and down over the past 20 years

How the oil price - in rand – has gone up and down over the past 20 years

Fuel prices in South Africa are mainly a factor of the international price of oil and the rand/dollar exchange rate.

WATCH LIVE: Heat is on for Gordhan's mid term budget speech

WATCH LIVE: Heat is on for Gordhan's mid term budget speech

Finance Minister Pravin Gordhan will spell out South Africa's financial situation during the Medium-Term Budget Policy Statement.

Rand drops, Twitter conspiracies soar after Gordhan's summons

Rand drops, Twitter conspiracies soar after Gordhan's summons

The rand plummeted and there are growing fears of a downgrade after news that Pravin Gordhan has been summonsed. But there's more.

Popular articles
This tech institute forges top coding talent in SA - for free

This tech institute forges top coding talent in SA - for free

WeThinkCode funds top human talent with the potential to become the future coders of SA, despite their background or experience.

Dr Mbuyiseni Ndlozi opens up about his thesis

Dr Mbuyiseni Ndlozi opens up about his thesis

Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

German prosecutors probing Steinhoff CEO Markus Jooste (for accounting fraud)

The Money Show’s Bruce Whitfield interviews Steinhoff International Chairperson Christo Wiese.

Happy 50th birthday, Pick n Pay (congrats on growing your bottom line by 18%)!

Happy 50th birthday, Pick n Pay (congrats on growing your bottom line by 18%)!

50 years ago the retailer started out when Raymond Ackerman bought three tiny stores from Click founder Jack Goldin.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

Is it normal to have a curved penis? Dr Shingai explains

Is it normal to have a curved penis? Dr Shingai explains

Urologist Dr Shingai Mutambirwa says penile curvature is only a concern if it impedes a man's ability to have penetrative sex.

Nkosazana Dlamini-Zuma's simply did not do her job as  AU chair - analyst

Nkosazana Dlamini-Zuma's simply did not do her job as AU chair - analyst

Analysts weigh-in with very different views on Dlamini Zuma's failures and achievements as chairperson of the African Union.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

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

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?