'The rand's strength is not a reflection of our domestic politics'

Businesses seem to be continuing as normal despite the state of South Africa's domestic politics.

Political analyst and director at Political Futures Consultancy, Daniel Silke says Cyril Ramaphosa's Davos meetings with business leader has paved the way for a stable rand.

If this leadership impasse continues for the next two days; if it affects the integrity of the budget and disrupts the delivery of the budget, then we could see it pull back from the positive sentiments currently experienced.

Daniel Silke, Political Analyst & Director at Political Futures Consultancy

Silke says the drop of the dollar over the last two months has had a positive impact on the rand. He says that as long as there is an expectation that positive change and renewal is on its way the rand will remain strong.

Listen to Daniel Silke explain how the rand reacted to President Zuma being recalled


This article first appeared on 702 : 'The rand's strength is not a reflection of our domestic politics'


Recommended

by NEWSROOM AI
Read More
Pule Mabe accuser back at work in different department

Pule Mabe accuser back at work in different department

Mabe was cleared of the allegations by the ANC's grievance panel after a finding of a lack of evidence to support the claims.

New Labour laws will curb workers' right to strike - Saftu

New Labour laws will curb workers' right to strike - Saftu

Spokesperson Patrick Craven says the amendments are used as an excuse to stop workers from going on strike.

Govt must release buildings for "educational migrants'" accommodation - ANC

Govt must release buildings for "educational migrants'" accommodation - ANC

ANC's Bandile Masuku says the majority of those students moving to Gauteng are 'educational migrants' and need accommodation.

Budget was conservative and lacklustre - Economist

Budget was conservative and lacklustre - Economist

Development economist Nwabisa Nontenja weighs in on the budget conversation and says she was uninspired by what was delivered.

Jiba denies knowing Richard Mdluli beyond his role as a police officer

Jiba denies knowing Richard Mdluli beyond his role as a police officer

Former deputy director of the NPA Nomgcobo Jiba gave her side of events responding to damning allegations against her.

We are far from being alright - economist

We are far from being alright - economist

South Africans get ready for the Budget speech, economist Mike Schussler paraphrases Malusi Gigaba 'we're definitely not alright'.

Popular articles
‘We’d be crazy to copy! Sometimes we get it wrong. There's no culture problem'

‘We’d be crazy to copy! Sometimes we get it wrong. There's no culture problem'

The Money Show’s Bruce Whitfield interviews Ian Moir, CEO at Woolworths.

'R23 million for rent a month seems huge. I don't think we could've done better'

'R23 million for rent a month seems huge. I don't think we could've done better'

The Money Show’s Bruce Whitfield interviews Adrian Gore, founder and Group Chief Executive Officer at Discovery Limited.

[VIDEO] Muizenberg pedestrian attacked in broad daylight

[VIDEO] Muizenberg pedestrian attacked in broad daylight

A woman was attacked on her way to work earlier this month.

'Tourist who survived 20m fall on Table Mountain is the luckiest man alive'

'Tourist who survived 20m fall on Table Mountain is the luckiest man alive'

Incident commander Roy Schoor says the man fell 20m and landed on a section of a cliff. His cry was heard by someone in Camps Bay.

'Bring back skilled engineers to Eskom' - Solidarity

'Bring back skilled engineers to Eskom' - Solidarity

Trade Union Solidarity says it supports Pravin Gordhan's idea that technicians who used to work for Eskom should be brought back.

Athlone pupils suspended after high school fight videos surface on social media

Athlone pupils suspended after high school fight videos surface on social media

The Education Department provides counselling and support after video footage shared of two violent fights at an Athlone school.

Criminals targeting homes with aluminium windows, warns neighborhood watch

Criminals targeting homes with aluminium windows, warns neighborhood watch

The Panorama, Welgelegen and Plattekloof Neighbourhood Watch has identified a new house break-in trend.