The South African Rand has made some excellent gains, which bodes well for the petrol price. The US Dollar suffered immensely as the US Fed indicated that they are looking to slow down on rate hikes, bringing a three year cycle to a close. The local currency is currently trading at the R13.65/USD mark.
The world famous Natura range of the South African Mint has always been produced in Gold. Not anymore. The 1 Ounce Silver Natura coin is a reality and features a 'cute' little critter chasing after a snack. There are plenty of long scientific words thrown into the mix as well. Silver is more affordable than … Continue reading Silver is the new Gold for Natura
The ratings agency Standard and Poor's kept South Africa at sub-investment grade, with a stable outlook. The decision came on Friday night and there were no surprises. Long-term local currency debt : BB+ Long-term foreign currency rating : BB With this year's growth expected to be under 1%, drastic action needs to be taken.
The South African Reserve Bank's MPC has raised the reporate to 6.75%.
The South African Reserve Bank's Monetary Policy Committee meets this week for the final time before the end of the year. There is a very strong possibility of a rate hike this time around, probably 25 basis points. It has been another tumultuous year for the South African economy and there is little to suggest … Continue reading SARB’s MPC meets this week
The S.A.Mint's UNESCO series continues in 2019 with the Kruger to Canyons theme. This beautiful series has been running for several years now but the stunning quality of these coins never gets old. In 2019 the South African Mint is depicting the Biosphere reserve that is perhaps the most well known in the Limpopo province. … Continue reading From Kruger to Canyons
The history behind the South African Mint's Silver Crown and Tickey of 2019 is one of the most interesting stories you will encounter. The theme of 2019 is Polymer Putty. Polymer Putty is no ordinary putty and after humble beginnings it would eventually end up on the moon. George Montague Pratley founded Pratley in a … Continue reading 2019 Silver Crown and Tickey
The Silver Series of 2019 will feature the Big Five of Africa: The Lion, Elephant, Buffalo, Rhino and Leopard. The Big Five previously featured in the Big Five Silver Series of 2000 - 2004: 2000 - Lion 2001 - Buffalo 2002 - Elephant 2003 - Rhino 2004 - Leopard In 2019 all five animals will … Continue reading The Big Five returns in 2019
The Gold price briefly dipped below 1200USD/Oz due to the strengthening USD. The yellow metal has now regained 1200USD/Oz and is looking to add more above this key resistance level. Keep a close eye on the Krugerrand price as the Rand is also under pressure.
The year is speeding to a rapid conclusion. The 2019 Mint issues were recently gazetted. The S.A.Mint produces Legal Tender coins which requires that they are government gazetted. This makes them 'officially official' and, of course actual coins, and not medallions. Next year we can look forward to the following releases: 2019 Natura: Cradle of … Continue reading 2019 South African Mint coins