Stronger GDP figures lift Rand


Okay this is music to my eyes but I'm not sure if it's the feeling is mutual to all of us. What does this 'lifting of Rand' mean anyways?  This actually means that our currency can compete with other currencies, it also means its value has increased and the country, South Africa, can purchase and sell quite a number of things at fair and affordable cost. This is why the currency exchange rate is measured everyday and every hour so we can know where we standing.

It is said in the article that the GDP levels helped to do all that, that means our production levels are quite impressing that what we actually anticipated. Remember not so long ago, investors were pulling our, the inflation was attacking and the debts and problems were flocking in giving us an unbearable burden, I believe this a good come back for the entire country, now our future economy is promising and it is becoming clearer.

A 1.3percent increase to our production is quite a good number compared to 1percent from 2016 which was the largest at the time. At least something good is coming out of our change and increase in tax.

SOURCE: FIN24

LINK: https://www.fin24.com/Markets/Currencies/stronger-gdp-figures-lift-rand-20180306

Comments

  1. Unknown10 March 2018 at 00:14

    Well, I believe this is the work of the President. The man's a genius, wouldn't you say?

    ReplyDelete
  2. Unknown11 March 2018 at 11:27

    This is so bad

    ReplyDelete
  3. Sam11 March 2018 at 11:29

    But the increase in tax is surely not a good thing it affecting the citizen drastically. Ramaphosa is trying by all means to bring South Africa to a country we can be proud of...now our GDP has improved and that quit a good thing that we can now see changes occur.

    ReplyDelete

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