Despite the self created “mainstream” media’s euphoria surrounding Cyril Ramaphosa, SA’s temporary election on the UN Security Council and the G7 summit, the Rand is decreasing.
The unit has weakened by 4% against the Dollar in two days, and is now at the same low level as at the Zuma government’s low in December last year.
Nene, the Minister of Finance, warns that there are difficult times ahead for South Africa.
Meanwhile, Bloomberg’s financial firm has stated that investors believe that the Reserve Bank will do little to reverse the economy.
Currently, investments are streaming to the USA which is considered to be a “safe haven for investment”, despite the fact that the liberal media are still trying to discredit Trump.
Read the original article in Afrikaans on Die Vryburger
South Africa Today – South Africa News
