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

On a lighter note:- Five things you should never say to a South African

We’ve all been there – you meet someone for the first time and that moment they realise you’re South African, they suddenly start spouting random comments on your ethnicity, childhood, experiences or just ask the most annoying questions ever.

Here are a few of the most common things people say that annoy South Africans.

“Where is South Africa?”

Seriously people. We come from a country where the geographical location is pretty much spelled out for you. It’s the SOUTH part of AFRICA. SOUTH AFRICA. Get it??

“You can’t be South African – you’re white.”

Apparently many, many people truly believe that only black people can be African. Never mind the fact that migration these days mean anyone of any race can be born and live pretty much anywhere.

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