Political stability seems to be returning to SA, and with the run-up to 2019 elections, it seems investor confidence has somewhat returned. Red line = Conservative, if we carry on going the way we have this year, and the ANC removes Zuma, even if they win the next election, the USD should drop sub R12. Blue line = If we somehow have an early election, for instance if Parliament is resolved, we could see ourselves returning to the fib channel where we were before Zuma's reign of terror.
Pretty cool to have the ZAR strengthen, not sure how much of an effect this will have on my life, however, as it might be a while before petrol and food drop. Also, one other thought, and a fundamental which seems to have slipped my mind, is that Donald J. Trump is now POTUS. So, taking that into account, it's not unlikely that US markets may have a bearish outlook, and coupled with the fact that we may be in for a new set of leadership in SA, it could be a perfect storm, which may return SA and the ZAR to their former glory.
Let's see how it goes.
Pretty cool to have the ZAR strengthen, not sure how much of an effect this will have on my life, however, as it might be a while before petrol and food drop. Also, one other thought, and a fundamental which seems to have slipped my mind, is that Donald J. Trump is now POTUS. So, taking that into account, it's not unlikely that US markets may have a bearish outlook, and coupled with the fact that we may be in for a new set of leadership in SA, it could be a perfect storm, which may return SA and the ZAR to their former glory.
Let's see how it goes.
Comment:
Comment:
woops, meant ANC victory (red line)