2 Charts: The Stupid South African Rand collapses to new lows thanks to COVID-19 freakout
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White South African Murders page: Murders of Whites from 1996 to 2016
On this page, are collections of the names and details of Whites who were murdered during the period 1996 to 2016. The true number of Whites killed in South Africa since 1994, is stupendous, and nobody has got even a fraction of all the names. But this is the most comprehensive collection that the Boere State Party has currently. My own attorney told me that he thinks 100,000 Whites have been murdered during Black rule.
[There is only one way for the South African Rand and that is DOWN. I had said some time ago, that as a general rule, we're heading in the future toward R19 to 1 US$. We're definitely going down that path. So it exceeded R17. I like this. Let the system implode. Since the blacks, sink the Jews, and hit the Jews where it hurts in the pocket.
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div>So generally speaking, just black & Jewish nonsense here in SA. Yawn. Jan]
With a monetary policy decision and a credit-rating review on the immediate horizon, not to mention market havoc caused by the coronavirus pandemic, traders can’t see a break ahead for South Africa’s rand.
One-month implied volatility for the rand versus the dollar surged on Thursday to the highest since the aftermath of the financial crisis. The premium of options to sell the rand over those to buy it over the next month, known as 25 Delta risk reversal, widened to the most in 18 months.
Much of the uncertainty lies in Thursday’s rates decision, with analysts almost evenly split between forecasting a 50-basis-point and 25-basis-point reduction. That would help counter the economic blow from the virus, but lower rates would also put further pressure on the rand as they erode South Africa’s yield advantage over US Treasuries.
And next week, Moody’s Investors Service is assessing its investment-level rating of South Africa’s foreign debt, just as restrictions on commerce due to the virus hit the economy as it struggles to emerge from a recession.
The government has no fiscal room to throw money at the problem. With bond yields now at record highs, borrowing more to spend itself out of trouble would be costly and arouse Moody’s ire. No wonder traders don’t want to touch the rand, which slumped close to a record low against the dollar on Thursday.
Low IQ & Bad Schools: South Africa: 18 schools get zero matric pass rate
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