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

This article first appeared on 702 : Will the rand recover in 2016?


Recommended

by THE NEWSROOM

CapeTalk 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 CapeTalk community a safe and welcoming space for all.

CapeTalk 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.

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

Read More
Wits Nehawu members down tools over salaries

Wits Nehawu members down tools over salaries

Nehawu Wits acting secretary Tumisho Madihlaba says negotiations with management deadlocked resulting in a strike.

Former Eskom interim CEO Sean Maritz under fire for signing off R400 mil payment

Former Eskom interim CEO Sean Maritz under fire for signing off R400 mil payment

‘Documents show that the fee contract was entered into by Anoj Singh & signed off by the acting CEO Sean Maritz' - Chris Yelland

‘Qedani Mahlangu helped people die then she ran away’ – Stephen Grootes

‘Qedani Mahlangu helped people die then she ran away’ – Stephen Grootes

Stephan Grootes shares his views on the events that unfolded at Life Esidimini and comments on Qedani Mahlangu’s apology.

Metrorail train derails due to vandalism on the central line

Metrorail train derails due to vandalism on the central line

The Central line was set to resume services on Thursday but has been postponed due to vandalism at Heideveld and Netreg stations.

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.

Popular articles
‘Maimane, Malema will find Ramaphosa harder to deal with than easy-target Zuma’

‘Maimane, Malema will find Ramaphosa harder to deal with than easy-target Zuma’

Afternoon Drive’s Stephen Grootes interviews Senior Research Associate at the Institute for Security Studies Judith February.

Hawks video shows fugitive Ajay Gupta leaving SA

Hawks video shows fugitive Ajay Gupta leaving SA

The Hawks are in possession of video footage showing Gupta, wanted in connection with Vrede dairy farm scandal, leaving SA.

Eusebius says EFF misread the moment by walking out on President's election

Eusebius says EFF misread the moment by walking out on President's election

Eusebius Mckaiser asked callers what they thought of how opposition parties conducted themselves in yesterday's election.

LISTEN: Tannie Evita predicted Ramaphosa would be president in 1994

LISTEN: Tannie Evita predicted Ramaphosa would be president in 1994

Tannie Evita Bezuidenhout shares her thoughts on SA's new president.

Zwane, Dlamini, Muthambi and Gigaba may be axed in Ramaphosa reshuffle - journo

Zwane, Dlamini, Muthambi and Gigaba may be axed in Ramaphosa reshuffle - journo

Cyril Ramaphosa is expected to reshuffle the Cabinet as he takes over from Zuma and makes his mark the National Executive.

Hope Ramaphosa: Cyril never lifted a finger to me, he wouldn't beat a woman

Hope Ramaphosa: Cyril never lifted a finger to me, he wouldn't beat a woman

Cyril Ramaphosa's ex-wife says abuse allegations spread by EFF leader Julius Malema are an attempt to tarnish his reputation.