Oil price might help cushion the inflation blow - economist

The South African rand took a knock on Thursday morning, and is expected to weaken towards the December conference of the ruling African National Congress (ANC), a Reuters poll showed.

One of the reasons is believed to be US Federal Reserve’s hawkish stance.

According to reports, a fresh rally in the dollar knocked the rand off its more stable footing.

Economist, Xhanti Payi explains.

If you have seen President Trump being able to put through that legislation against Obama Care, perhaps investors are thinking he can succeed in some of his plans including taxes, and that may actually fair well for the dollar.

Xhanti Payi, economist and Nascence Advisory co-owner

It's good to note that with the oil price coming down that might help us cushion the blow in terms of inflation and certainly our own petrol price coming up.

Xhanti Payi, economist and Nascence Advisory co-owner

Click on the link below to listen to the full audio...


This article first appeared on 702 : Oil price might help cushion the inflation blow - economist


Recommended

by NEWSROOM AI
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.

May the Fourth be with you, a celebration of Star Wars Day

May the Fourth be with you, a celebration of Star Wars Day

May 4 marks "May the Fourth be with you," Day celebrated by fans George Lucas' fans of his Star Wars global movie franchise.

Davis Tax Committee invites submissions on wealth tax to tackle inequality

Davis Tax Committee invites submissions on wealth tax to tackle inequality

Stephen Grootes speaks to Xhanti Payi and Prof Patrick Bond about the feasibility of wealth tax, and how it will benefit the poor.

Economist explains why Rand strengthens despite junk status

Economist explains why Rand strengthens despite junk status

Economist at Nebank, Isaac Matshego, explains why the Rand has strengthened over the past few days.

Rand breaches R12.90/$ as French vote increases appetite for risky assets

Rand breaches R12.90/$ as French vote increases appetite for risky assets

Vive la France! Markets - and the rand - are cheering the results from the first round of France’s presidential elections.

How tech is threatening banks in South Africa (and changing money, forever)

How tech is threatening banks in South Africa (and changing money, forever)

Financial institutions, adapt or die! Rand Merchant Investments’ Dominique Collett discusses 2017's major "fintech" developments.

Popular articles
We're not just cyclists - CT man turns punch-up with driver into safety message

We're not just cyclists - CT man turns punch-up with driver into safety message

He was punched in the face by a motorist last week and tracked the driver down for a meet-up, instead of laying charges.

[WATCH] The spectacular moment AB de Villiers bent the laws of physics

[WATCH] The spectacular moment AB de Villiers bent the laws of physics

The world now knows never to underestimate the athletic form of SA cricketer AB de Villiers after this gravity-defying catch.

Brace yourself the cold is not going anywhere

Brace yourself the cold is not going anywhere

Forcaster, Kumsa Masizana says a cut-off low resulting throughout most parts of the country.

What's better than sex with your partner? Sex with YOURSELF! #MasturbationMonth

What's better than sex with your partner? Sex with YOURSELF! #MasturbationMonth

It's time to dim the light, lie back, relax and enjoy a bit of one-on-one time - with yourself!

[LISTEN] Dailene, the lady behind the video from Thursday's heist in Boksburg

[LISTEN] Dailene, the lady behind the video from Thursday's heist in Boksburg

Another heist was carried out in Boksburg on Thursday morning and led to five people being arrested.

Blind athlete sues popular winery after guide dog barred entry

Blind athlete sues popular winery after guide dog barred entry

Paralympian Hendri Herbst will take Durbanville Hills to court after his guide dog was denied entry inside the restaurant in 2014.

Health Minister proposes scrapping of medical aid co-payments

Health Minister proposes scrapping of medical aid co-payments

The eradication of medical aid co-payments is one of a number of changes to the medical aid scheme proposed by Aaron Motsoaledi.

[LISTEN] Is it Yanny or Laurel? Test your ears!

[LISTEN] Is it Yanny or Laurel? Test your ears!

What's Gone Viral with Khabazela brings you tweets, posts and YouTube videos that have social media talking.