Tuesday, November 27, 2007

Shit Happens: Rand Now 7.0485 to Dollar, Oil Prices Unchanged

If you thought the oil price at $94 was no problemo (because the R/$ was strong), think again. The Rand has weakened against the dollar, and the oil price has not really shifted. Sorry, that means there is nowhere else to go except deeper into your own pockets. Is there any small change chinkling in there? There is? Not for much longer.

JSE ALL SHARE is taking a tumble: 29213.320 (DOWN) 0.80%.

For background, read this:
Rand regains some lost ground

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