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

How confident are you that insurers treat policyholders fairly, according to the Treating Customers Fairly (TCF) principles?

ANSWER

Very confident, insurers prioritise fair treatment
Somewhat confident, but improvements are needed
Not confident, there are significant issues with fair treatment
fanews magazine
FAnews June 2024 Get the latest issue of FAnews

This month's headlines

Understanding prescription in claims for professional negligence
Climate change… the single biggest risk facing insurers
Insuring the unpredictable: 2024 global election risks
Financial advice crucial as clients’ Life policy premiums rise sharply
Guiding clients through the Two-Pot Retirement System
There is diversification, and true diversification – choose wisely
Decoding the shift in investment patterns
Subscribe now