{"id":313720,"date":"2019-04-29T09:33:30","date_gmt":"2019-04-29T07:33:30","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=313720"},"modified":"2019-04-29T09:33:30","modified_gmt":"2019-04-29T07:33:30","slug":"this-graph-shows-how-the-rand-could-change-after-the-2019-elections","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/finance\/313720\/this-graph-shows-how-the-rand-could-change-after-the-2019-elections\/","title":{"rendered":"This graph shows how the rand could change after the 2019 elections"},"content":{"rendered":"

South Africa\u2019s rand could be in for a difficult time after the elections, history shows.<\/p>\n

New data published by Bloomberg<\/a> <\/strong>shows that since the start of the post-apartheid era, the rand has tended to strengthen in the month before the vote – but weaken in the 30 days afterwards.<\/p>\n

The outlier was 2009, when the rand was recovering from a record low reached during the global financial crisis.<\/p>\n

\"\"<\/a><\/p>\n

With South African elections nine days away, political bickering is intensifying, but with little effect on the rand, said Bianca Botes, corporate treasury manager at Peregrine Treasury Solutions.<\/p>\n

However financial analysts are currently awaiting the results of South Africa\u2019s national elections with bated breath, as the country recovers from a weaker rand, load shedding and high oil prices.<\/p>\n

Speaking to\u00a0CNBC Africa<\/a><\/strong>, Tsitsi Hatendi-Matika, head of Retail Investment Specialist at Absa\u2019s Wealth and Investment Management, said that the rand is currently predicted to be on track for the R14\/dollar mark after the elections.<\/p>\n

However, she cautioned that this does not account for the recent spike in oil prices.<\/p>\n

In the event that elections provide an unexpected result \u2013 such as a president who doesn\u2019t get the majority vote \u2013 the rand\u2019s levels could differ dramatically, she said.<\/p>\n

The analyst said that \u2018black swan events\u2019 by their nature cannot be anticipated.<\/p>\n

A black swan is an event or occurrence that deviates beyond what is normally expected of a situation and is extremely difficult to predict.<\/p>\n

“Should things go extreme and not how the market expect them to go \u2013 you could see the rand head to R15 or even R16\/dollar<\/strong>.”<\/p>\n

\n

Read: How salaries in South Africa are expected to increase over the next year<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

South Africa\u2019s rand could be in for a difficult time after the elections, history shows.<\/p>\n","protected":false},"author":10,"featured_media":114834,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11121],"tags":[26],"class_list":["post-313720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/313720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=313720"}],"version-history":[{"count":8,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/313720\/revisions"}],"predecessor-version":[{"id":313752,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/313720\/revisions\/313752"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/114834"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=313720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=313720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=313720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}