"South African Rand Flash-Crashes 10% As Turkey Contagion Spreads" https://www.zerohedge.com/news/2018...and-flash-crashes-10-turkey-contagion-spreads "South African government to spend R59 billion on bailouts for struggling SOE’s" http://africanleadership.co.uk/sout...-r59-billion-on-bailouts-for-struggling-soes/ .
OK. seems like currencies are the IN thing to trade over the next few days. And it will keep us busy trading.
"Rand Sinks as a Downbeat Moody's, Naspers Spur a Perfect Storm" https://www.bloomberg.com/news/arti...nd-plunges-as-moody-s-warns-on-fiscal-deficit "For Once, Turkey's Not to Blame for South African Rand's Slump" https://www.bloomberg.com/news/arti...s-not-to-blame-for-south-african-rand-s-slump .
"These are the 18 biggest banks in South Africa – including Discovery" https://businesstech.co.za/news/ban...st-banks-in-south-africa-including-discovery/ "Banks in South Africa" https://www.relbanks.com/africa/south-africa Standard Bank Firstrand Bank Barclays Africa / Absa Nedbank Investec Capitec .
"Rand Tumbles As Government Warns Of "Catastrophe" Unless 'Land Reform' Allowed" https://www.zerohedge.com/news/2018...-warns-catastrophe-unless-land-reform-allowed .
"South Africa Unexpectedly Slides Into Recession For The First Time Since 2009" https://www.zerohedge.com/news/2018-09-04/south-africa-unexpectedly-slides-recession-first-time-2009 ZAR declined in the last 24 hours, with USD/ZAR now back above 15 at 15.1974 according to Yahoo Finance .
GBP/ZAR holding onto Rand 19.48 level -------------------------------------------------------- USD/ZAR now at Rand 15.20 and just below overhead resistance of Rand 15.28
Keep in mind, traders wanting to trade the South African Rand, may now do so by clicking USDZAR on their trading platforms ? ( see more on South Africa below ) ------------------------------------- “The opportunity in e-commerce in Africa lies in the fact that Africa is lacking logistics, infrastructure and PAYMENT SYSTEMS, ” Ma said at a conference in Johannesburg South Africa? After he discussed better conditions for start-ups in SA ? ------------------------------------- Ma has set aside $10m for a fund for African entrepreneurs ? ----------------------------------- Alibaba Group, China’s biggest online emporium, “will do anything to share technology” with Africa, founder and chair Jack Ma said ? ------------------------------------- https://www.fin24.com/Companies/ICT...hing-to-share-technology-with-africa-20180809
“We WANT to BUILD new PARTNERSHIP with AFRICA.” Jean-Claude Juncker, EuroParliament ---------------------------- STRASBOURG (Reuters) - European Commission President Jean-Claude Juncker delivered his annual State of the Union address to the European Parliament in Strasbourg on Wednesday. September 12, 2018 / 9:22 AM / Updated 2 hours ago ( see more on AFRICA below) ---------------------------------------------- “We want to build a new partnership with Africa.” ---------------------------------------------- “Today we are proposing a new alliance between Europe and Africa, an alliance for investment and sustainable jobs.” -------------------------------- “It would create up to 10 million jobs in Africa in five years. We want to create a framework that brings new investment to Africa.” ----------------------------------------------- https://www.reuters.com/article/us-...n-speech-to-european-parliament-idUSKCN1LS0VP ------------------------------------------------ https://af.reuters.com/article/africaTech/idAFKCN1LS0XB-OZATP -------------------------------------------------- Keep in mind, traders wanting to trade the South African Rand, may now do so by clicking USDZAR on their trading platforms ? ( see more on South Africa below ) ------------------------------------------------ Currencies with a fixed exchange rate to the South African Rand Currency Rate Lesotho Loti 1 ZAR = 1 LSL Namibian Dollar 1 ZAR = 1 NAD Swazi Lilangeni 1 ZAR = 1 SZL
Great panic catalysts, let's trading and when it all calms down just forget and move to new events A Great Show!