The best way to ensure permanent and lasting peace on the European continent, is to let both Ukraine AND Russia join the very organisations that claim to maintain peace and stability in Europe.
Petition: Make Peace NOT War! Invite both Ukraine & Russia to join NATO & EU to ensure lasting peace!
Send Valentine’s Flowers & Gifts to Your Loved One Back Home or Abroad Today!
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With just a few clicks you can send flowers, chocolates, gift, hampers, cards, linen, clothing and even booze to anywhere in South Africa, or abroad even! With domestic offices all over, delivering flowers and gifts on time with SA’s favourite Net Florist is never a problem. Our international reach stretches as far as UK, Australia, USA and the rest of the globe. No need to go out and visit florist’s shops, our selection of flowers is unmatched and we have gifts and hampers for every taste.
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Has Corporate SA Been Infected by ANC Corruption, Greed & Negligence? Dimension Data NTT Case Study
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The Untouchables in a Gangster’s Paradise? Is it reasonable or ethical to make use of companies that do not consider themselves to be held accountable, for their actions in any private or public enterprise? While Big Tech has become seemingly untouchable, even from the US Supreme Court or Whitehouse, the same culture of supremacy, greed, lack of accountability, lack of transparency, and lack of responsibility seems to have created and sustained an environment in South Africa where IT negligence is acceptable, and lack of accountability is the norm, even when it comes to government institutions, contracts and tenders.
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Emigration Tax? ANC Regime to Charge Emigrating South Africans an Additional “Exit Tax” on Retirement Funds!
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In the National Treasury’s latest published Draft Tax Bills, which incorporates the tax proposals made in the 2021 Budget, the amendment proposes a particularly worrying amendment which may upend taxpayers’ carefully planned retirement. The Draft Taxation Laws Amendment Bill (TLAB) proposes an additional “exit tax” to tax retirement fund interests of individuals when they cease South African tax residency. This proposed amendment, due to come into operation on 1 March 2022, would be a further blow to emigrating South Africans wanting to cease their tax residency, following on from the three-year lock-in rule imposed on retirement annuities earlier this year.
Landmark Case to Show How Twitter, California & Democrat Party Colluded to use “Election Integrity” as a Weapon to Censor Conservatives!
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An important landmark lawsuit that might very well prove the fact that Twitter is indeed a state actor, which could have some very serious implications, has been brought by Harmy Dillon and Ron Coleman in California, with all the evidence and receipts, to show that Twitter and the State of California conspired with the Democratic Party, to get Twitter to censor the people they don’t like politically, using “Election Integrity” as a false default reason.
Ramaphosa Tries the “Apartheid Whip” Scam to Destroy Multinational Covid Patent Profits & Guilt Trip Covid Vaccines from Wealthy Countries!
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Just mention “Apartheid” and white people go limp and start throwing free stuff at blacks. The ANC regime have become Billionaires off of this scam, which is why the ANC government in Pretoria has threatened to accuse wealthy nations of hoarding Covid jabs, and “vaccine apartheid,” if they don’t share Covid jabs. South Africa’s Cyril Ramaphosa has got the old well worn begging bowl out again, accompanied by all the well used, tried and tested rhetoric to extract more hand outs from the West. As a selling tool he raises the spectre of millions of people in poorer countries (to whom the West have given Billions for decades), which may die waiting to be inoculated against Covid-19, as rich countries inoculate their own people. He accused wealthy nations of “hoarding jabs” and reaffirmed his support for his global patent waiver on vaccines.
Are things ‘back on the bus’
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It’s all aboard the Trumplomacy bus, as President Trump offered China an olive branch yesterday, renewing hope that a ‘trade ‘war’ could be avoided.
The news momentarily helped emerging market gains, before violence in the Middle East put the rand on the back foot. Back home, Minister Gordhan continued his purge of corrupt state owned entity officials, firing the remaining Transnet board members. Yesterday also spelled the end of the nationwide bus strike, hopefully some relief for our roads!
Today’s Rate
USD/ZAR 12.4207
GBP/ZAR 16.797
EUR/ZAR 14.808
ZAR/JPY 8.862
CNY/ZAR 1.9514
AUD/ZAR 9.1668
CHF/ZAR 12.3654
AED/ZAR 3.3716
SGD/ZAR 9.2571
NOK/ZAR 1.551
EUR/USD 1.1924
GBP/USD 1.3525
GBP/EUR 1.1342
All rates quoted are the interbank rates at time of publishing and shown for indic
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Is this the beginning of the end!
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Trump announces US withdrawal from the Iranian nuclear deal with plans to impose strict sanctions.
Uncertainty of global oil supplies grows as countries who continue business with Iran may be penalized and feel the burn. With oil prices on the rise, markets expect future inflation increases and see further support for future US Fed hikes. Are we set to see a third consecutive month of petrol price increases?
We’ll have to wait and see. Alongside other EM markets the rand opened weaker at 12.57/USD as markets try to make sense of Trumps decision. US inflation data out at 14h30 will be the only real highlight for the day. Cheers and have a wonderful Wednesday!
Today’s Rate
USD/ZAR 12.6049
GBP/ZAR 17.0860
EUR/ZAR 14.9588
ZAR/JPY 8.6876
CNY/ZAR 1.9823
AUD/ZAR 9.3902
CHF/ZAR 12.5903
AED/ZAR 3.4377
SGD/ZAR 9.4088
NOK/ZAR 1.5562
EUR
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Trade wars between US and China continues
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US and China tensions continues to grab the headlines, despite disappointing US jobs data Friday.
The US created 103k jobs in March, a far cry from the expected 188k, with unemployment remaining at 4.1%. Emerging markets have recovered slightly, with the rand hugging 12/$. President Trump called China’s bluff over the weekend, threatening another $100bn in tariffs.
This week is relatively light on data, with US CPI on Wednesday the highlight. Look for US CPI at 2.4%, with emerging markets likely to take a knock if this is the case. Locally, we’ll be eyeing public sector wage negotiations, with Union demanding CPI + 3%. It will be interesting to see how President Ramaphosa handles this hot potato. Have a great week folks.
Today’s Rate
USD/ZAR 12.0409
GBP/ZAR 16.9866
EUR/ZAR 14.7793
ZAR/JPY 8.8940
CNY/ZAR 1.9080
AUD/ZAR 9.2384
CHF/ZA
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Tit for tat:- Tariff increase of Chinese import products
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Following China’s 15% tariff on US products, ‘Merica hit back yesterday laying out plans to impose a 25% tariff on Chinese import products.
The tariff could see more than 1300 Chinese imports being effected totalling more than $50 billion. In response, China said it plans to implement the same trade measures against the US.
The result could see higher US product prices which will lead to the Fed hiking rates more aggressively in the coming years (not good news for the rand). On the calendar today, EU inflation figures are out at 11h00.
Today’s Rate
USD/ZAR 11.8541
GBP/ZAR 16.6787
EUR/ZAR 14.5459
ZAR/JPY 8.9999
CNY/ZAR 1.8817
AUD/ZAR 9.1162
CHF/ZAR 12.3621
AED/ZAR 3.2267
SGD/ZAR 9.0281
NOK/ZAR 1.5115
EUR/USD 1.2269
GBP/USD 1.4067
GBP/EUR 1.1465
All rates quoted are the interbank rates at time of publishing and shown for indicative purposes only. It is important to note that foreign exchange
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