“Give it back to South Africa” - Beyoncé and Tiffany & Co are accused of using a “stolen blood diamond” in their advertising campaign. This story not only exposes the ignorance in the world about South Africa’s history, but more and more, large multinational companies that became rich from colonialism, yet who constantly blame white South Africans, are caught out when they try to hide behind blacks to cover up their sins, and try cover their enormous profits from colonialism in innocence.
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Hypocritical Jeweller Tiffany & Co Uses “Blood Diamond” from Kimberley in “Woke” Campaign with Beyoncé – Immediately Gets Accused of Theft!
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Emigration Tax? ANC Regime to Charge Emigrating South Africans an Additional “Exit Tax” on Retirement Funds!
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In the National Treasury’s latest published Draft Tax Bills, which incorporates the tax proposals made in the 2021 Budget, the amendment proposes a particularly worrying amendment which may upend taxpayers’ carefully planned retirement. The Draft Taxation Laws Amendment Bill (TLAB) proposes an additional “exit tax” to tax retirement fund interests of individuals when they cease South African tax residency. This proposed amendment, due to come into operation on 1 March 2022, would be a further blow to emigrating South Africans wanting to cease their tax residency
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The trade talks set to spark rand volatility
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The rand has held its ground over the past 24hrs, but markets are expected to react as we draw closer to the highly anticipated two-day US-China bilateral trade talks.
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Rand volatility set to continue
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The rand followed in the footsteps of emerging market currencies and global equities to end last week in the green.
The local unit opened the week slightly on the back foot as risk aversion lingered. This week the rand will be in ………
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Rand cracks under ‘perfect storm’
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The rand touched 14.75/$ yesterday after facing a barrage of negative news.
Turkey announced retaliatory tariffs against the US, Moody’s released a damning report on the state of SA’s economy ……….
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Rain-check for rand losses?
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The rand strengthened 2% against the USD in early morning trade, as markets digest their exposure to the Turkish crisis.
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It’s still all about the US
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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.
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Rand creeps lower vs. EUR, USD and GBP
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While there’s been plenty of World Cup drama this week (mostly focused on VAR controversy) the rand has been having a less exciting few days.
But while ZAR hasn’t experienced a significant shift since the weekend, it has still edged lower against the US dollar, euro and pound.
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Rand recovers from worst levels
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As we all unwound on Friday in readiness for the weekend, the rand staged a last minute recovery against the US dollar, euro and pound.
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The markets troughs another tantrum
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The rand lost 2% against the USD yesterday, as markets had another ‘taper tantrum’.
March US retail sales were revised upwards to 0.8% (Month on month), raising fears that the US Fed may indeed …….
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