Forex

 

Act Of Stupidity Or Not?

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The ANC mistakenly sent notes about its national working committee meeting to its media national working committee meeting on Tuesday night April 4, 2017.The NWC met in Johannesburg as divisions deepen following President Jacob Zuma’s Cabinet reshuffle last week. According to the email sent out by mistake, issues discussed included: Change of leadership and attendant..
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The Big Read: The Guilt Of The Gutless Three

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STRAW MEN: President Jacob Zuma with Gwede Mantashe, Cyril Ramaphosa and Zweli Mkhize.  One day, when the history of South Africa is written, three men will be remembered for having sold their organisation, their people, and their country down the river. Those three men are Cyril Ramaphosa, Gwede Mantashe and Zweli Mkhize – the deputy..
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Reason behind SA’s junk status credit rating – full S&P statement

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In our opinion, the executive changes initiated by President Zuma have put at risk fiscal and growth outcomes. We assess that contingent liabilities to the state are rising. We are therefore lowering our long-term foreign currency sovereign credit rating on the Republic of South Africa to ‘BB+’ from ‘BBB-‘ and the long-term local currency rating..
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Zuma’s new excuse for SA’s problems “White monopoly capital”

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The rising talk about ‘white monopoly capital’ as an obstacle to economic inclusion in South Africa is a red herring. The call for radical economic transformation has grown louder following President Jacob Zuma’s 2017 State of the Nation Address. Accompanying these calls is a line of argument that says “white monopoly capital” is to blame..
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What is going to happen to our Economy now … Zuma tells Communist Party Gordhan is out

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Johannesburg – South African President Jacob Zuma told senior leaders of the South African Communist Party that he plans to fire Finance Minister Pravin Gordhan, according to three people with knowledge of the matter. The rand plummeted. Zuma told officials from the party, which is allied to his ruling African National Congress, during a meeting..
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Zuma pull out his guns – N24

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President Jacob Zuma took a strong stand at this weekend’s national executive committee (NEC) meeting in Irene in Gauteng, defending his position on the issue of land expropriation without compensation, and challenging his critics to read the ANC’s 2012 conference resolutions if they disagreed with his views. City Press heard that Zuma had “set the..
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Open Letter: White South Africa Faces Adapt Or Die Moment As ANC Talks Up Radical Economic Transformation

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Facing the next key fight for his political future, acornered President Jacob Zuma has this year decided to notch up rhetoric on ‘radical economic transformation‘. As part of this call and amid the Zuptoids’ growing use of terminology such as ‘white monopoly capital’, Zuma recently sparked further scares in the local and international investment communities..
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Racism will soon be a crime punishable by law

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Jacob Zuma claims that the ideology of racism remained firmly entrenched among some population groups. Practising racism and racial intolerance will soon be an offence punishable by law in South Africa, according to President Zuma. Addressing a small but very enthusiastic crowd at Victoria Grounds in King William’s Town, Eastern Cape, to mark Human Rights Day, Zuma..
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Gold Market Update – 9th Mar

LONG TERM TREND                            BEARISHINTERMEDIATE TERM TREND             BEARISHSHORT TERM TREND                          BEARISHVERY SHORT TERM TREND                 BEARISH Gold ran into solid resistance at the 200 day MA at 1263 last week and has spent the past 9 trading sessions selling off steadily, following some strong economic data and a rising likelihood, now near certain, of a US rate..
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Weekly Global Online Forex Report March 1st 2017

USD Despite President Trump’s speech last night, we have seen the USD marginally stronger this morning, as US bonds somewhat weakened. Fed officials reiterated their hawkish stance last night, and there is now an 80% probability of a rate hike in March. In terms of economic data, Tuesday revealed mixed results. US Q4 GDP was..
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