It looks like the week will be ending off relatively quietly
with the ZAR consolidating its positions for the most part. The USD-ZAR is
expected to trade at 9.13-9.2300 today.
The new National Planning Commission (NPC) has come to the
conclusion that nuclear power in South Africa should be delayed by years, and
focus should shift to the contracting of new gas-generation capacity to avoid
rolling blackouts in the near future.
It seems the risky amalgams of loans and mortgages, created
by American banks, are back once again. Financial products like collateralized
debt obligations, the same financial products that went south during the
recession, are being sold on Wall Street.
To read the full report, visit the Currency Solutions
website. Transferring funds out of South Africa/Money transfers into South
Africa – Let one of our professional consultants at Currency Solutions assist
you. To know more about how we can help you Contact Us.
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