Posts tagged with 'Rand'

 

Orania se Digitale Geldeenheid, d’Ora Bekendgestel deur die Orania Sakekamer!

Posted on Leave a comment

Orania het laas maand op ekonomiese terrein ʼn baie belangrike tree geneem toe die Ora, Orania se eie geldeenheid wat aan die Rand vasgepen is, ‘n digitale weergawe gekry het, wat aan die gemeenskap vrygestel is! Die dOra is ʼn projek wat al vir ʼn hele ruk ontwikkel word, en na verskillende ‘voertuie’ vir hierdie projek oorweeg is, is daar verlede jaar heelwat vordering gemaak en ʼn toepassing is gebou.

Die digitale-Ora was vir ʼn geruime tyd in ʼn toetsfase waar die Sakekamer en ondernemers die toepassing gebruik het om vas te stel of die ontwikkeling prakties en verbruikersvriendelik genoeg is. Conrad Basson, voorsitter van die Orania Sakekamer, het tydens die bekendstelling van die dOra vertel dat verskeie rolspelers, van buite Orania, aanvanklik belanggestel het om dit te help ontwikkel, maar dat die hele ontwikkeling, opstelling en programmering uiteindelik volledig in Orania vermag kon word.

Luister Hier:

[embed]https
Continue reading…

Share with friends on Social Media (if share buttons do not show below, disable your ad blocker temporarily):

Enjoyed this post? Share it!

 
 

SA has a national debt of R3 trillion rand and tax deficit of R53 million

Posted on Leave a comment

Following the disappointing mid-term budget speech by Tito Mboweni, the Rand reached its lowest level in weeks. Eskom’s rescue plan has nowhere really figured in either Pravin Gordan’s submission or Mboweni’s budget reason.

The government’s financial situation is rapidly deteriorating with the national debt of R3 trillion and a tax deficit of R53 billion.

Moody’s is therefore expected to downgrade the country to negative from where it currently stands at stable.

However, there are fears that Moody’s will downgrade the country directly to junk status which will affect Government bonds as the Citigroup’s World Government Bond Index contains only investment-grade securities.

Continue reading…

Share with friends on Social Media (if share buttons do not show below, disable your ad blocker temporarily):

Enjoyed this post? Share it!

 
 

The weak Rand makes investors move away from the currency, now rely on gold instead

Posted on Leave a comment

The rising gold price, the weak Rand that just can’t lift its head, coupled with the uncertainty over the country’s economic situation, has moved investors away from the money unit.

Currently, Investgold is selling up to 5,000 gold coins per week, which is a strong indication that confidence in the Ramaphosa regime is continuing to decline.

Gold mining companies have also begun to focus on the trend of a gradual upturn in the price of precious metal, which has now reached its high price over the past five years.

The Rand, which is also showing its worst against the dollar since 2016, has forced investors to play safe and trust gold instead.

In November last year, the gold price was still at $ 1,150 an ounce, but is currently at $ 1,526, which is the highest for the past decade.

Continue reading…

Share with friends on Social Media (if share buttons do not show below, disable your ad blocker temporarily):

Enjoyed this post? Share it!