Category: South Africa

South African rand falls with record unemployment levels

South African rand falls with record unemployment levels A firmer dollar and commodities selloff is also stifling the performance of the rand as economists fear for the long-term growth prospects of the currency. Summary: South Africa’s rand lost 2% in value in one day of trading following a global commodity selloff and the rise of the US dollar Political uncertainty and one of... Read more »

South Africa: Cash outflows most sustained for a generation

South Africa: Cash outflows most sustained for a generation

A devaluing rand and political uncertainty is prompting South Africans to move money out of the country at the fastest rate in over 20 years. Summary: Investors in South Africa moved money overseas for the 16th consecutive quarter at the end of last year The rand’s poor performance coupled with significant political uncertainty saw direct… Read more »

South Africa’s rand “remains vulnerable” – analysts

South Africa's rand "remains vulnerable" – analysts

The country’s struggling currency fell against the dollar once again on Monday due to ongoing political and economic uncertainty. Summary: South African rand fell by 0.5% to 14.7670 against the dollar on Monday (April 4th) Last week the currency had climbed to its highest rating against the greenback since December but ongoing political and economic… Read more »

South Africa’s economy “in crisis”─ time to invest overseas?

South Africa's economy “in crisis”─ time to invest overseas?

As the country’s finance minister makes the dour assertion, does a declining economy increase the need for South Africans to get their money out? Summary: South Africa’s economic growth forecast has been cut down to 0.9% as the country’s finance minister declares the economy is “in crisis” The struggling rand fell by a further 2.25%… Read more »

South Africa property: Rising interest rates to slow price growth

South Africa property: Rising interest rates to slow price growth

Weak economic growth will contribute to a slowdown in consumer spending and, consequently, capital growth for the country’s property investors. Summary: Demand for South African real estate will fall in 2016 A hike in interest rates coupled with slow economic growth will quell buyer demand over the next 12 months and slow the pace of… Read more »

Property can save South African investors from rand woes – here’s how

Property can save South African investors from rand woes - here's how

Real estate has been named South Africa’s number one asset class – but the best returns and future growth prospects cannot be found at home. This week new figures published by Cape Town-based Catalyst Fund Managers revealed that property in 2015 was South Africa’s leading investment class. Those with a real estate asset in the… Read more »

South African rand remains “vulnerable” investors warned

South African rand remains "vulnerable" investors warned

Despite a firmer performance against the dollar, economists warn the rand continues “to be at the mercy” of uncertainty in emerging markets. Summary: Ongoing economic uncertainty continues to project a bleak outlook for the performance of the South African rand Analysts warn that this week’s marginal 0.09% uplift in trade price against the dollar is… Read more »

South African property faces daunting 2016

South African property faces daunting 2016

Experts have warned South African investors that 2016 could be a difficult 12 months for the domestic property market. Summary: Experts predict South Africa interest rates could increase by up to 3% over the next 12 months. As the economy stalls, demand for property will fall and house prices will depreciate in real terms Investors… Read more »