It becomes very difficult to keep up with the latest currency fluctuations. The Pound, for example, this year has traded from R10,20 to the Pound, which was basically on New Year’s day, to just over R12,00 on 8 August, so one is talking about fluctuations of 20% in only a 6 month period, and this during a time when you considered the Rand is relative stable!

World economies are all over the place at the moment – sharply up one day, sharply down the next day – and it is sometimes surprising that the Rand is affected so much, because unlike other countries who have a debt that is equal to a 100% of their GDP, if not more, ours is sitting at only 38%, so we are relatively financially better off than the vast majority of so-called economic super powers. Lastly, for any of you struggling to find that Pound sign (£) on your keyboard, you do so by pressing alt and at the same time pressing the numbers 0163 which will give you a £ sign.