It’s still all about the US

The local unit scored somewhat of a consolation goal on Friday (sorry Argentina fans), as global equities and EM markets ended the week stronger.

Eyes are still on the US though as June Fed minutes and job numbers will be out later this week. The data, coupled with escalating trade tensions between the US and China, could provide more volatility than the Spain vs. Russia penalty shootout.

On local shores, consumers are set to be hit with another sucker punch as the price of petrol is set to increase by 26c/litre. Combine this with higher municipal rates, taxes and electricity tariffs and you’ve got yourself an already overworked wallet. Have a great week and batten down the hatches if you’re in the Cape!

Latest Rates

USD/ZAR 13.83
GBP/ZAR 18.21
EUR/ZAR 16.09
ZAR/JPY 7.99
CNY/ZAR 2.07
AUD/ZAR 10.19
CHF/ZAR 13.95
AED/ZAR 3.76
SGD

Riad Le Bel Oranger – Stay in the Heart of Marrakesh – Morocco

Located a 10-minute walk from Jamaâ El Fna Square, this riad features a 24-hour reception, a Hammam with massage sessions, an outdoor swimming pool and 2 terraces. Free Wi-Fi is provided in the public areas and transfers can be arranged.

Each air-conditioned room at Riad Le Bel Oranger provides a private bathroom with shower, toilet and wardrobe.

A continental breakfast is served every morning and Moroccan specialties are proposed upon request.

Guided tours and excursions in the region are organised by the staff at an additional cost.

Medina is a great choice for travelers interested in markets, street markets and shopping.

This is our guests’ favorite part of Marrakesh, according to independent reviews.

Couples in particular like the location – they rated it 8.1 for a two-person trip.

This property is also rated for the best value in Marrakesh! Guests are getting more for their money when compared to other properties in this city.

Free publ

Riad Arjan – Stay in the Heart of Marrakesh

Offering a terrace, Riad Arjan is located in Marrakech. Free WiFi access is available.

Each room here will provide you with air conditioning, a patio and a seating area. There is also a dining table. Featuring a shower, private bathroom also comes with a hairdryer and bathrobes.

At Riad Arjan you will find a 24-hour front desk, a terrace and a bar. Other facilities offered at the property include grocery deliveries, a ticket service and a tour desk.

The bed and breakfast is 100 m from Souk of the Medina, 200 m from Djemaa El Fna and 200 m from Marrakech Medina. Marrakech-Menara Airport is 5 km away.

Medina is a great choice for travelers interested in markets, street markets and shopping.

This is our guests’ favorite part of Marrakesh, according to independent reviews.

Couples in particular like the location – they rated it 9 for a two-person trip.

Facilities available:
– Free WiFi
– Airport Shuttle
– Parking
– Room Se