The Rand Report ZA 🇿🇦

When the world moves, the rand moves. We explain why, in plain English. Not financial advice.

[The Rand Report ZA 🇿🇦 @TheRandReportZA]

Petrol breaks R30 a litre today in South Africa, even as oil slips below $100.

What it means for your pocket 👇 🇿🇦

[The Rand Report ZA 🇿🇦 @TheRandReportZA]

@carteblanchetv R10bn goes less far and it still needs a National Assembly vote!

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@NewsdayZA R2.25 of every litre goes to the RAF which is about R48bn a year. And its still R439bn in the hole btw

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@KoketsoResane @Newzroom405 True, but someone was raising the kids and running the house while that offer got taken up

[The Rand Report ZA 🇿🇦 @TheRandReportZA]

@DailyInvestorSA So SARS has a R126bn debt collection target this year and added about 1500 debt collectors to chase it

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@unusual_whales Gold is now up over 1% today to about $4185 an ounce. At R16.53 to the dollar thats roughly R69,000 an ounce for SA miners...

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@NewsdayZA A disclaimer means the Auditor General could not find enough proof to back the books at all... Thats our tax money

[The Rand Report ZA 🇿🇦 @TheRandReportZA]

@business @tomkeene @AlexisTVNews Rand firmer too... about R16.53 from R16.70 on Wednesday. Cheaper oil and a firmer rand both ease November petrol hike.

[The Rand Report ZA 🇿🇦 @TheRandReportZA]

@CyrilRamaphosa The R100bn QwaQwa project alone is meant to bring about 6500 permanent jobs... Now thats the number people will watch

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@KwazaUnathi R68.76m written off on cards for SASSA grant customers and Postbank wants a R2.5bn bailout... Thats taxpayers money

[The Rand Report ZA 🇿🇦 @TheRandReportZA]

@smalltalkdaily @BDliveSA That R4.58 was the very first estimate on 7 Oct. Then later CEF data has it lower between about R1.30 and R3.35 for 95

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@Newzroom405 @NqobileMadlala_ Theres R500m fund for spaza shops and by May only 2,369 had been approved nationally... thats township jobs left on the table

[The Rand Report ZA 🇿🇦 @TheRandReportZA]

@unusual_whales For SA this is about petrol. Brent is still around $103 and November petrol already looks over R1 a litre short

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@AshCrypto Thats a routine Fed bill purchase... same amount as 17 Sept. No new stimulus

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@Reuters Gold near $4,180 is good news for our mines and the jobs on them

[The Rand Report ZA 🇿🇦 @TheRandReportZA]

@dailymaverick Every rand spent on diesel ends up in rent and prices... So when tenants leave the CBD the jobs leave with them

[The Rand Report ZA 🇿🇦 @TheRandReportZA]

@eNCA Its a "what if" for now with Brent near $103... But diesel feeds into taxi fares and food prices so we all feel it

[The Rand Report ZA 🇿🇦 @TheRandReportZA]

@JSE_Group Good stuff! For most SA families money skills start with getting to the end of the month and knowing what debt really costs.

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@BusinessTechSA VAT refund fraud is money taken from every South African who pays VAT. Nice one SARS!

[The Rand Report ZA 🇿🇦 @TheRandReportZA]

A November petrol increase could be just over R1.

The latest daily fuel data shows a much smaller shortfall than Wednesday's R4.60 warning.

SA impact:
- 95 shortfall now about R1.35/l
- Daily data can still swing
- New price from 4 November