close menu

Expect rough ride for Rand, but sit tight - expert

Nov 14, 2016
A more pressing concern for the rand is the euro as there is far more volatility possible for the rand arising out of the European market than from Donald Trump’s ascension to power, according to Andrew Rissik, MD of Sable Forex. These European factors include what he terms the inherent weaknesses and flaws in the euro and Brexit.
 
fin24

"We should rather be looking at the euro, which is in jeopardy in the long term – a common currency linked to a multiple tax system involving countries with wide discrepancies in wealth and governance isn’t sustainable," said Rissik.

“Donald Trump’s victory is bad for the rand in the short term, but the currency will rebound. Although the rand has weakened the most in five years, as global currencies decline against the dollar in the wake of Trump’s victory, it’s not time to panic and jump ship."

Read the full article on Fin 24.

Sable International is a group of companies that specialising in providing financial and immigration solutions to international citizens.

South Africa

Cape Town

Regent Square
Doncaster Road
Kenilworth 7708 +27 (0) 21 657 2120

Durban

25 Richefond Circle
Ridgeside
Umhlanga 4320 +27 (0) 31 536 8843

United Kingdom

London

Castlewood House
77/91 New Oxford Street
WC1A 1DG +44 (0) 20 7759 7514

Croydon

5-7 Selsdon Road
South Croydon
CR2 6PU +44 (0) 20 7759 7581

Australia

Melbourne

9 Yarra Street
South Yarra
VIC 3141 +613 (0) 8651 4500

Sable International is a trading name of 1st Contact Money Limited (company number 07070528), registered in England and Wales. We are authorised and regulated by the Financial Conduct Authority in the UK (FCA no. 517570), the Financial Services Conduct Authority in South Africa (1st Contact Money [PTY] Ltd - FSP no. 41900) and hold an Australian Financial Services License issued by ASIC to deal in foreign exchange (1st Contact Group - AFS License number 335 126).

We use cookies to provide the best website experience for you. Using this website means that you agree to this. How we use cookies.