Exchange Capital SA

Exchange Capital is a South African based intermediary and advisory firm. Our key areas of focus are: Foreign Exchange, Insurance and Actuarial Consulting.

[Exchange Capital SA @XchangeCapital]

News in #SouthAfrica 28th June:

1. #Eskom protest progress
2. #Wages falling short of minimum
3. R25m #Lottery mansion frozen
4. #Shoprite customer data being auctioned
5. #Donate don’t dump masks

#economy #Loadshedding #dataleak

More details at: https://t.co/AbiCzVzpF9

[Exchange Capital SA @XchangeCapital]

News in #SouthAfrica 31st May:

1. #fuelpricehike crisis
2. More #fees for cars
3. #supplychain pressures
4. #Equity markets recover
5. #Ivermectin halted

#economy #petrolprice #environment #financialcrisis #CostOfLivingCrisis

More details at: https://t.co/fpEJBbAE5k

[Citadel Global @Citadel_Global]

As we head into the new week, the rand is experiencing a sustained break below R15.60/$. China is looking to potentially relax COVID measures, while markets repositioned for slower rate hikes by the US Federal Reserve. The rand starts the week at R15.58/$, R16.73/€, and R19.69/£

[Exchange Capital SA @XchangeCapital]

News in #SouthAfrica 19th May:

1. SA #Satellite developing
2. #Fuel prices doubled in 5 years
3. #Students lagging by a year
4. #Pothole repair app effective
5. 5th #COVID wave peaked

#economy #communications #infrastructure #education

More details at: https://t.co/NVsjWyk7zQ

[Exchange Capital SA @XchangeCapital]

News in #SouthAfrica 18th May:

1. #Sanral cancels R17.47bil in tenders
2. #Vaccination rate shocking
3. #Regulation changes opposed
4. #SARS wants more tax
5. #ORTambo operating again

#economy #Construction #tax #COVID19

More details at: https://t.co/5UCWfWRYt2

[Exchange Capital SA @XchangeCapital]

News in #SouthAfrica 17th May:

1. #Retrenchment and vaccinations
2. #MiddleClass short on funds
3. #Ubank under curatorship
4. #Grain prices skyrocketing
5. #Eskom crisis 20 years in the making

#economy #CostOfLiving #CCMA #loadshedding

More details at: https://t.co/b5two7S20f

[Citadel Global @Citadel_Global]

The rand clawed back lost ground yesterday, following its dip to R16.30/$. The rapid fluctuations in the local currency are due to global factors impacting dollar demand. The oil price remained elevated yesterday. We start the day at R16.13/$, R16.84/€, and R19.91/£.

[Exchange Capital SA @XchangeCapital]

News in #SouthAfrica 16th May:

1. #COVID infections slowing
2. Massive #PetrolDieselPriceHike
3. #Recession may be minor
4. #SARS deadline looms
5. #Loadshedding at stage 3

#economy #Eskom #infections #PAYE #tax

More details at: https://t.co/4vHd6aAma2

[Exchange Capital SA @XchangeCapital]

News in #SouthAfrica 12th May:

1. #healthcare sector understaffed
2. 10 017 New #COVID19 cases
3. #Loadshedding could worsen
4. #Debt surging higher
5. #Railway revival

#economy #Eskom #inflation #Transnet #Prasa

More details at: https://t.co/Pi1e1W2Szc

[Citadel Global @Citadel_Global]

Markets anticipate that the aggressive tightening by the Fed will continue as a result, with hikes of 50bps at each of the upcoming FOMC meetings this year. The rand is trading stronger following the slight retreat in the dollar, starting the day at R16.13/$, R16.98/€ & R19.73/£

[Exchange Capital SA @XchangeCapital]

News in #SouthAfrica 11th May:

1. #CostOfLiving rising ever higher
2. #Winter power outages
3. #Automotive industry challenges
4. Mining company #investment
5. #KrugerNationalPark R370mil upgrade

#economy #loadshedding #Eskom #GDP

More details at: https://t.co/SZ4Ey3prAZ

[Citadel Global @Citadel_Global]

The dollar is trading weaker ahead of the US inflation release today. Chinese CPI, released this morning, came in higher than expected at 2.1% year-on-year. We will be keeping an eye on ECB President, Christine Legarde’s address today. The rand at R16.09/$, R16.95/€ & R19.84/£.

[Exchange Capital SA @XchangeCapital]

News in #SouthAfrica 10th May:

1. #Loadshedding continues
2. Massive #PetrolDieselPriceHike
3. OR Tambo #fuelcrisis
4. Unclaimed #benefits – mining sector
5. Russian #oligarch swaying ANC

#economy #loadshedding #ANC #Funding

More details at: https://t.co/1xYxrahdj3

[Wayne McCurrie @WayneMcCurrie]

We are in a bear market because of rising interest rates/inflation. S+P down 15% nasdaq down 25%. If inflation falls <4% in 12m, then we are probably over a large chunk of the correction. At some stage (inflation starts to roll over and oil falls $20+?) we will get chance to buy

[Exchange Capital SA @XchangeCapital]

News in #SouthAfrica 9th May:

1. #Unemployment numbers wrong
2. #Interest hike looming
3. #Covid regulation deadline
4. #Eskom burning through diesel
5. #StandardBank restored

#economy #poverty #infections #loadshedding

More details at: https://t.co/VZIZpdOIIL

[Citadel Global @Citadel_Global]

Markets start the week on edge. Gold continues to take strain under the strong dollar, while further gains in oil prices were capped by the slowdown of demand from China. The key release for this week is US inflation, due on Wednesday. Rand at R16.12/$, R16.93/€, and R19.81/£.

[Exchange Capital SA @XchangeCapital]

News in #SouthAfrica 5th May:

1. New #COVID19 rules for travel
2. #License renewal clamp down
3. #Economic growth risks
4. Stage 8 #Loadshedding possible
5. More #SmallBusinesses as bank suppliers

#travel #Eskom #SMEs

More details at: https://t.co/hocTqsPUDd

[Wayne McCurrie @WayneMcCurrie]

As expected fed increases by 0.5. Rand quite firm at 15.53. Us bond yields dropped slightly. As happens often the actual event is a non event when fully anticipated by the market

[Exchange Capital SA @XchangeCapital]

News in #SouthAfrica 4th May:

1. #Economic risks of Covid resurgence
2. #Electrical distribution war
3. #Cybercrime all time high
4. #Africa’s fastest growing companies
5. More guilty of #StateCapture

#CovidIsNotOver #CyberAttack

More details at: https://t.co/gRm0isJTmw

[Citadel Global @Citadel_Global]

Markets are anticipating a 50bps interest rate hike decision from the Fed this evening. Oil gained 1% as US supply data indicated a dip in supply. Rand gained lost ground yesterday as investors square off positions ahead of the Fed meeting. Rand R15.75/$, R16.57/€, and R19.67/£.