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 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
The Rand has given up it's gains as the USD surges ahead. Our local currency strengthened nicely to under the R 14/USD mark, but it was never going to last long, and we are now back at R14.40. The greenback has powered to a 16 month high, leaving emerging market currencies reeling.
The 2018 Natura series of the South African Mint takes us back into the distant past. The Natura range has traditionally featured four legged animals that inhabit the South African landscape, but this year the Mint has done something totally different: the Dinosaur. The S.A.Mint is known for the impressive quality of it's coins and … Continue reading 2018 Natura goes back, way back
My previous blog died a horrible death and I lost 8 years of posts. My new blog is now operational and so I say welcome back to the news and views of South African coins and metals. Keep an eye out for the latest coin issues and coin related events.