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Rand buckling under pressure
The Rand is under enormous pressure, mainly due to international factors such as tensions between China and the US, as well the chaotic Brexit situation. (Currently R15.27/USD) Locally, time is running out for the government to avoid a Moody’s downgrade in November (Review is scheduled for November 1.). Recent bail-outs of Denel, SAA and SABC... Read More ›
Rate cut expected
The South African Reserve Bank’s Monetary Policy Committee meets this week. The SARB is expected to cut rates by 0.25% on Thursday. This would be the first cut since March 2018. If the SARB does not drop the rate this week, it will more than likely do so at its next meeting in September. Keep... Read More ›
Volatility continues.
Both the Rand and the Gold price are seemingly on a roller coaster ride. There is currently no stability in the markets. The possibility of more loadshedding, and therefore more losses to the economy, hangs like a dark cloud over the country. With a national election coming up in May, no one can accurately predict... Read More ›
It is Budget time!
The Finance Minister, Tito Mboweni, will on Wednesday afternoon deliver the most important budget speech in the history of South Africa. The economy is dead and little has been done to revive it. Eskom has failed, as have many other State Owned Enterprises. The big question is: How will Eskom be bailed out? Moody’s will... Read More ›
Rand weakens passed R14/USD
The Rand gave up acres of ground over the course of the last two days as loadshedding returned to haunt the South African economy. The economy, already in the doldrums, could hardly afford another round of loadshedding. The ratings agency Moodys will have taken note of the situation and may well change our outlook from... Read More ›
Gold price hits 7 month high
The Gold price moved nicely passed the 1300USD/Oz mark as the US Fed indicated the end of the current cycle of interest rate hikes. The yellow metal touched the 1325USD/Oz mark before closing at 1315, and is currently at 1318USD/Oz.
All the best for 2019!
It is the new year and we can expect exciting things from both the numismatic and bullion sectors this year. The South African Mint will soon be rolling out the 2019 South African Mint coins and don’t be surprised if there are some nice special issues that appear during the course of the year. The S.A.Mint is... Read More ›
Happy Holidays!
Happy Holidays to everyone! May you have a Golden 2019!
Silver Colour coins continue to stun
The South African Mint’s innovative Silver Colour coin range continues to be absolutely stunning. The 2019 theme will be the ‘Kruger to Canyon Biosphere Reserve’, an area just as beautiful as these coins. You really need to hold one of these coins in your hand to appreciate its beauty and striking design. There will be... Read More ›
2019 Protea continues the Mandela legacy
The South African Mint’s next Protea installment will continue the legacy of Nelson Mandela. There will be a Gold Ounce, Gold Tenth Ounce, as well as Silver coins in the Proof and Uncirculated versions. The Life of a Legend: Nelson Mandela theme was originally intended to run for 12 years, but this no longer a... Read More ›
The Rand is under enormous pressure, mainly due to international factors such as tensions between China and the US, as well the chaotic Brexit situation. (Currently R15.27/USD) Locally, time is running out for the government to avoid a Moody’s downgrade in November (Review is scheduled for November 1.). Recent bail-outs of Denel, SAA and SABC... Read More ›
Rate cut expected
The South African Reserve Bank’s Monetary Policy Committee meets this week. The SARB is expected to cut rates by 0.25% on Thursday. This would be the first cut since March 2018. If the SARB does not drop the rate this week, it will more than likely do so at its next meeting in September. Keep... Read More ›
Volatility continues.
Both the Rand and the Gold price are seemingly on a roller coaster ride. There is currently no stability in the markets. The possibility of more loadshedding, and therefore more losses to the economy, hangs like a dark cloud over the country. With a national election coming up in May, no one can accurately predict... Read More ›
It is Budget time!
The Finance Minister, Tito Mboweni, will on Wednesday afternoon deliver the most important budget speech in the history of South Africa. The economy is dead and little has been done to revive it. Eskom has failed, as have many other State Owned Enterprises. The big question is: How will Eskom be bailed out? Moody’s will... Read More ›
Rand weakens passed R14/USD
The Rand gave up acres of ground over the course of the last two days as loadshedding returned to haunt the South African economy. The economy, already in the doldrums, could hardly afford another round of loadshedding. The ratings agency Moodys will have taken note of the situation and may well change our outlook from... Read More ›
Gold price hits 7 month high
The Gold price moved nicely passed the 1300USD/Oz mark as the US Fed indicated the end of the current cycle of interest rate hikes. The yellow metal touched the 1325USD/Oz mark before closing at 1315, and is currently at 1318USD/Oz.
All the best for 2019!
It is the new year and we can expect exciting things from both the numismatic and bullion sectors this year. The South African Mint will soon be rolling out the 2019 South African Mint coins and don’t be surprised if there are some nice special issues that appear during the course of the year. The S.A.Mint is... Read More ›
Happy Holidays!
Happy Holidays to everyone! May you have a Golden 2019!
Silver Colour coins continue to stun
The South African Mint’s innovative Silver Colour coin range continues to be absolutely stunning. The 2019 theme will be the ‘Kruger to Canyon Biosphere Reserve’, an area just as beautiful as these coins. You really need to hold one of these coins in your hand to appreciate its beauty and striking design. There will be... Read More ›
2019 Protea continues the Mandela legacy
The South African Mint’s next Protea installment will continue the legacy of Nelson Mandela. There will be a Gold Ounce, Gold Tenth Ounce, as well as Silver coins in the Proof and Uncirculated versions. The Life of a Legend: Nelson Mandela theme was originally intended to run for 12 years, but this no longer a... Read More ›