2006-09-16 00:37:52 · 17 answers · asked by Jules 1 in Business & Finance ➔ Personal Finance
buy me some diamonds!!!!!
2006-09-16 00:39:17 · answer #1 · answered by Trix 3 · 0⤊ 2⤋
With the current account deficite running at over 6%, gold and base commodities prices retreating ,the exchange rate has a definate bias to weakening against other major currencies over the coming months and years. If the world economy slows this will intensify as the country relies on investment capital inflows to fund the current account.
I would use my foreign investment allowance to move half out of the country into a harder currency, don't the US dollar, probably sterling. A quarter into rand hedge stocks and the rest into a call account as interest rates are definately going to rise. If you have mortgage maybe it would be a good time to pay a lump sum into there to take the edge off of future interest hikes
2006-09-16 01:00:48 · answer #2 · answered by plax 2 · 0⤊ 1⤋
The Rand is in freefall at the moment so the quicker you do something the better!
I would buy some old cars that are popular in the UK - like Mk 2 escorts and and VW Beetles (there are tons of them here) and export them to the UK where there is a market for them. If you can produce documents to say that you owned them for 6 months, then you wont have to pay import tax and duty in the UK. If you can't export them, then you can sell them again in SA as second hand cars are at a premium in SA
2006-09-16 00:58:20 · answer #3 · answered by bulliont 2 · 1⤊ 2⤋
09/15/2006 Friday 7.38250ZAR = 1.00000 USD
= $67727.73 USD provided you can exchange them of course. At the last job I had that I got an actual paycheck for doing, this would be equivalent to 16-18 months worth of pay before taxes.
2006-09-16 03:00:19 · answer #4 · answered by rowlfe 7 · 1⤊ 2⤋
Thats about £39,000 If it is still in SA you will need to get it out of the country fist and thats not easy.
2006-09-16 00:45:33 · answer #5 · answered by iain xx 4 · 0⤊ 1⤋
500,000.00 ZAR South Africa Rand = 67,704.81 USD
2006-09-16 01:05:04 · answer #6 · answered by BrokenRomeo 5 · 1⤊ 2⤋
well its £32k so a few new cars, deposit on a house
2006-09-18 08:41:58 · answer #7 · answered by spindal2001 2 · 0⤊ 0⤋
Paper the walls with it !
2006-09-16 01:04:04 · answer #8 · answered by ME*UK 5 · 0⤊ 2⤋
That would be about $67,704.81 in American currency.
2006-09-16 00:49:02 · answer #9 · answered by north79004487 5 · 0⤊ 1⤋
probably buy a mars bar and not much else i'm affraid!
2006-09-16 00:45:29 · answer #10 · answered by Anonymous · 0⤊ 2⤋
Send them to me .
2006-09-16 00:40:02 · answer #11 · answered by Anonymous · 0⤊ 2⤋