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Sable International

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Get indefinite leave to remain
Move to the UK

Get indefinite leave to remain in the UK

For most expats who make the move to live and work in the UK, the ultimate goal is to obtain permanent residency and then a British passport. If you’re a non-EU citizen, the road to indefinite leave to remain (ILR) can be tricky and riddled with complex immigration laws that seem to change with the season. Well, wonder no more; below you will find all the information you need to make a successful ILR application.

Cyril Ramaphosa lying
South Africans Abroad

Local fundamentals remain weak as Rand slides thanks to proposed land expropriation plans

The ground the ZAR gained against the Dollar last week, as the greenback slid on trade woes and as local sentiment was boosted after China pledged to invest billions in South Africa, has been lost in the aftermath of Cyril Ramaphosa’s announcement that the ANC will seek to amend the constitution to allow the redistribution of land without compensation.

South Africans Abroad

Rand loses 1.3% alongside dismal Eskom financials and escalating trade war

The Rand slumped more than 1.3% on Monday, as uncertainty over trade tensions intensified following US President Donald Trump’s latest attack on China, and as Eskom announced a dire set of results. By 08:00 this morning the local currency was at 13.47 to the Dollar, trading 0.73% stronger than yesterday’s low of 13.57. Not a great a start to the week after last week’s relatively strong showing.

load shedding eskom rand
Business & Finance

Can the Rand continue its rise against the major currencies?

The past week has been a very volatile and confusing one for Rand analysts. It started on Monday when the market was in “risk on” mode, with investors looking to capitalise on improved sentiment throughout the world. This quickly changed on Tuesday when trade war rhetoric flared up again as the US and China implemented additional tariffs on each other. This caused an emerging market sell-off, reversing all previous Rand gains. Since then, however, the Rand has been on the up.

Ramaphosa SONA reply
South Africans Abroad

Rand hits strongest level in a month as emerging markets climb off the back of a softer US Dollar

The Rand firmed 1%, or more than 15c, against the Dollar on Monday. This was its best level in a month at 13.30 to the Dollar, as renewed risk-on sentiment hits markets on subdued US data. The somewhat surprising move by the local currency will be cheered by local consumers but will likely be greeted with dismay by local miners and owners of Rand hedge stocks.

Online banking fraud
South Africans Abroad

Trade wars and hikes push down on emerging currencies and the Rand

We have progressed quite drastically over the past week, last week we saw the Rand move from 17.83 to 18.45 against the GBP in the space of 24 hours. The ZAR is known for feeling the brunt of emerging market selloffs, since it’s one of the most liquid EM currencies traded on the open market. Even in the absence of important data releases it looks like it could be another rough week ahead for the ZAR and other EM currencies.

Rand sell-off continues amidst
South Africans Abroad

Rand sell-off continues amidst concerns over higher US borrowing costs and weak fundamentals

The Rand, along with its emerging market counterparts, has seen a significant sell-off in the last week. This action happens in the shadow of both the ECB (European Central Bank) and FOMC (Federal Open Market Committee) meetings this week. The local currency lost over 4% last week to reach a year low of R13.28 to the US Dollar. In anticipation of today’s Fed and ECB meetings, the Rand has weakened 0.82% from last week’s low, finding a new year-low of R13.39 to the USD.

interest rate
South Africans Abroad

Rand edges up as S&P leaves rates unchanged

The South African Rand made an impressive recovery last week after falling to over 17 against the Sterling before recovering back up into the 16.50s before the weekend. The exchange rate’s recovery was attributed to a slew of good data starting with the SARB voting to keep the repo rate unchanged at 6.50%, in line with market expectations.

Rand backtracks with worst per
South Africans Abroad

Rand backtracks with worst performance in five months

The local currency opened at a low of R12.88 to the USD, down 5% from the previous week’s high of R12.17 to the Dollar. This is the worst level the Rand has been at since December 2017. The local currency has been through the ringer this past week. It seems that the warnings – amidst all the positive sentiment following Ramaphosa’s ascension to president – that weak fundamentals and waning global risk appetite would bite, have proved to be valid. What is more surprising is that the pull-back could be happening much faster than expected.

Africa's biggest economies
South Africans Abroad

Dollar strength weighs on the Rand as the Greenback rallies ahead of monetary policy outcomes

The Rand has lost some of the ground it made back late last week against the US Dollar. The Rand hit a low of 12.47 to the Greenback last Monday, trading weaker amid persistent global risk-off sentiment for emerging markets. The Rand was also not helped by the start of “strike season” over the last two weeks. Today the Rand is down further at 12.63 to the USD, 2.01% weaker than Friday’s close.

Rand weakens as the Dollar and
South Africans Abroad

Rand weakens as the Dollar and other major currencies strengthen

Last week the Rand and other emerging market currencies weakened against the Dollar and other majors alike. Investors and traders watched the Rand give back almost 2% of its gains to the greenback, led by strengthening US assets, rising bond yields and changes in sentiment. While the usual hysteria accompanied this downturn, it needs to be remembered that we are still well below the above-14.00 to the USD levels we saw before Ramaphosa took over as ANC president last year.

ramaphosa PIC land expropriation stimulus package

Cyril, SONA and the Budget: What it all means for the Rand

We’ve had a lot of change in South Africa recently, by February 22 we will have witnessed the swearing in of a new president, Cyril Ramaphosa’s maiden State of the Nation address, and a Budget Speech to be given on Wednesday 21 February. It’s enough to drive anyone who is holding Rands batty. In times like these, it’s good to listen to experts. Together with Dynamic Outcomes we’re hosting a webinar covering the future of the Rand in these tumultuous times. You can get more details on it below.