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

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
Grace Mugabe invokes diplomatic immunity as Zim-SA relations get tense

Grace Mugabe invokes diplomatic immunity as Zim-SA relations get tense

Grace is still in South Africa and her husband, Zimbabwean President Robert Mugabe, is due to land in the country this afternoon.

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.

Bob Mugabe flying in, could sort out his wife's legal woes

Bob Mugabe flying in, could sort out his wife's legal woes

Political analyst David Monyae says this puts everyone including President Jacob Zuma and Robert Mugabe in an awkward situation.

Advanced communication system for Cape's neighbourhood watches

Advanced communication system for Cape's neighbourhood watches

The system allows neighbourhood watches to relay incidents, post warnings or request emergency assistance.

Grace Mugabe has a history of violence

Grace Mugabe has a history of violence

Mail & Guardian Africa editor, Simon Allison says the recent incident of violence by Grace Mugabe is certainly not the first.

Best bank ad ever? Andy Rice reviews Investec’s “you’re more than data”

Best bank ad ever? Andy Rice reviews Investec’s “you’re more than data”

The Money Show’s Bruce Whitfield interviews the advertising expert about the best and worst new advertisements.

[LISTEN] 20-year-old SA woman traumatised by Grace Mugabe's assault

[LISTEN] 20-year-old SA woman traumatised by Grace Mugabe's assault

Gabriella Engels says she is saddened by people who are calling her names on Twitter before they understand the full story.

Discovery CEO (and founder) Adrian Gore bares his soul about money

Discovery CEO (and founder) Adrian Gore bares his soul about money

The Money Show’s Bruce Whitfield interviews Gore about his attitude to money (hopes and fears, successes and failures, etc.).