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


This article first appeared on 702 : R20 to the dollar is a possibility, says Investec Chief Economist Annabel Bishop


Recommended

by NEWSROOM AI

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
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
Can you 'affair-proof' your marriage?

Can you 'affair-proof' your marriage?

Sexologist Nikki Goldstein says there are steps you can take to cut the risk of infidelity in your relationship.

Stadium riot: 'It's just inexplicable and unacceptable by all means'

Stadium riot: 'It's just inexplicable and unacceptable by all means'

Minister of Sports and Recreation condemns this weekend's violence by Kaiser Chiefs fans.

'He raped me every day for a year when I was 8 years old'

'He raped me every day for a year when I was 8 years old'

A woman has penned her triumphant story of survival after being sexually abused by an uncle as a child.

Euphonik (one of South Africa's top DJs) opens up about money

Euphonik (one of South Africa's top DJs) opens up about money

Bruce Whitfield talks to Euphonik (aka Themba Nkosi) about his attitude to money (hopes and fears, successes and failures, etc.)

This is how much you should be paying your domestic worker

This is how much you should be paying your domestic worker

Stephen Rathai, director of employment standards at the Department of Labour talks on the new national minimum wage.

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)

Mugg & Bean agrees to pay medical bill of customer

Mugg & Bean agrees to pay medical bill of customer

Mugg & Bean has agreed to pay for customers medical bills after a month of being in pain and pestering the chain to pay the bill.