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What is the future of money?

  • Published in News

The growth of the digital economy has already distorted many industries, from media to transportation, just as technology has changed the face of payment systems. Next in line? Money itself.

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Rand crashes through R14/$

So the rand party is over… The domestic currency yesterday took a pounding like never before, tanking more than 50c in less than 36 hours and crashing through the R14 mark to R14.15 a dollar – it’s lowest in six weeks.

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Land debate haunts rand

The rand heads into this week with a dark cloud of local politics hanging over it as the reaction from the land expropriation decision last week had a crippling effect putting the currency on the back foot for most of the week.

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Investor oil fears weaken rand

The rand weakened against the dollar early on Wednesday according to Reuters. This as a result of the falling global oil prices, that again dropped 10% in this week so far, and concerns over the prospect of global growth which tainted confidence in emerging market assets.

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