KEEP UP TO DATE WITH ALL THE IMPORTANT COVID-19 INFORMATIONCOVID-19 RESOURCE PORTAL
FANews
FANews
RELATED CATEGORIES
SUB CATEGORIES Featured Story |  Straight Talk |  The Stage | 

Perception of weakness

20 July 2006 Angelo Coppola

The rand is currently at R7.05 (20.7) to the dollar, it was R8.25 in 2001, in 2003 it was R7.64, in 2004 it was at R5.94. It has broken its bull trend.

Paul Hansen at Stanlib, says that the perceptions that the rand is weak are inaccurate.

According to Hansen, their chartists maintain that it will meander between 6.65 and 7.25, and there is the implication that the currency will weaken.

A fair value for the rand, says Wayne McCurrie at Advantage Asset Managers, is between R7.00 and R8.00, on a two-year view.

While volatility will always occur into the future, continued and sustained Rand strength is not likely. McCurrie says they did not give up the faith, the Rand has weakened.

Quick Polls

QUESTION

We have watched with interest as each of the country’s large life insurers report their 2021 life claims statistics, with soaring claims and claims values. That got us thinking: how do the big life insurers compare against one another, from an IFA perspective?

ANSWER

An insurer is an insurer is an insurer
All are excellent: would not deal with them otherwise
There is one insurance brand that stands out for me
Tied agent: but my brand is the best out there
fanews magazine
FAnews June 2022 Get the latest issue of FAnews

This month's headlines

A free smoothie does not make a loyal customer
Consequential loss policy court cases
Everything you need to know about death, disability and severe illness cover post-emigration
Are advisers doing all they can for clients’ portfolios?
Financial advisers need help - navigating the complex ESG fund environment
Subscribe now