It’s the financial revolution of our lifetime. Here’s what it’s all about…

Amidst an economic recession, high unemployment, political uncertainty and credit rating downgrades; the Rand to continued its recent counterintuitive behaviour by producing surprising strength early last week.

On Thursday, we celebrated the South African people ‘rising up’. The Department of Energy have also commemorated Freedom Day, by doing the same with the price of fuel.

ANC secretary general Gwede Mantashe on Monday neither confirmed nor denied that Zuma might be taking further steps against finance minister Pravin Gordhan.

Now there’s something that’s bound to turn a few frowns upside down.

The decreasing possibility of a ratings downgrade and improved investor confidence has helped the Rand continue its upward surge.

According to latest ‘Big Mac Index’, the Rand should be trading at less than half of what it’s currently at.

The Rand closed out 2016 with an impressive rally against major currencies – bringing a smile to the faces of those travelling overseas or moving funds offshore. The question is whether the Rand will continue this positive momentum in 2017.

Some pretty clever folks believe we’re about to see a comeback as the Rand does the impossible… kick the downward trend and start clawing back territory.

Want to know why South Africa needs Gordhan and why experts are so concerned about the latest assault on the finance minister? Well, have a look.

US jobs data on Friday could cause major swings in the high-achieving rand on Friday, with an analyst seeing the rand moving between R13.55 and R14.00 to the dollar.

In the wake of the United Kingdom’s historic vote to leave the European Union, the Rand took a heavier knock than when Zuma fired then finance minister Nhlanhla Nene.

Since South Africa’s first democratic elections in 1994 the strength of the South African rand started on a journey of steady decline. Initially it was uncertainty about the country’s new government that saw the rand weaken to an average R3.55 versus the dollar in 1994 (Historically the rand was worth US $ 1.40 from the […]