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Few currencies matched the rand’s turbulence in 2017, with factors such as Trumpenomics, the firing of finance minister Pravin Gordhan and the appointment of Cyril Ramaphosa as ANC president, contributing to the R2.04 price swing during the year.
While many leaders fail to hit the mark for many reasons, one factor is often overlooked. Many do not get the on-boarding support they need to assimilate to the new role, such as working with a coach.
Somewhat ironically, each new year launches into the same old news cycle: the WEF meetings at Davos, the State of the Nation (Sona) speech, presentation of the national Budget to Parliament. Those a bit longer in the tooth may feel that it’s all over-hyped – 'sound and fury, signifying nothing' – because invariably these events don’t become watershed moments, just brief intermissions that change little, if anything.
With the range of investment options available today, the choice of products investment products is overwhelming. Perhaps this is one reason that when it comes to household savings, South Africa does not fare well compared to global standards.
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