1st Contact Forex
South Africans Abroad

Rand capitalises on emerging market rush

The overall mood in the markets at the start of the week appeared to be positive as the influx of money into developing-market assets served to pull the Rand even higher. Strong jobs data in the US further lowered hopes for any interest rate hikes in the world’s biggest economies, fuelling a rush in demand for emerging market currencies.

South African Citizenship Stat
South Africans Abroad

South African Citizenship Status

A number of South African Citizens travel abroad on a permanent or temporary basis, to gain international work experience or merely to experience the novelty of residing in a foreign country. In many instances, personal circumstances then change. Many have married a non-South African citizen, obtain citizenship from another country, or had children while living overseas. This, of course, gives rise to many concerns and questions about a move back to South Africa.