Attorney Michael de Broglio on: South Africa, Law, Politics, Attorneys, Sport, Photography, Technology, Gadgets, Media, Crime, Road Accidents Fund,
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There can be very few countries in the world who would give as much attention, during each and every news broadcast, to the gold price and the currency exchange as we do in South Africa. I must say that I think it is really overdone and it should be largely limited to the financial radio stations and business people and not to the youth market. The youth market really could not care what the gold price is each day, and yet even stations who blast out music all day and all night seem to have to, at every single news bulletin, tell us how the currency has fluctuated in the last 60 minutes!
The funny thing, because people always assume that our currency is in a long-term slide, is that in actual fact it has moved very little over the last 10 years. Ten years ago the Rand/Pound exchange rate was approximately R12,00 to the Dollar and that is where we are now and 10 years ago the Rand/Dollar exchange rate was approximately R6,50 and it is now approximately R7,50, so it has not moved that much in 10 years. Sure, there are lots of fluctuations all the time, but quite frankly I think they should be focusing in the news on the horrific deaths and injuries that happen on our roads every single day, so that we can get more of a culture of safe driving than obsessing about the Rand/Dollar exchange rate.
Posted by Michael de Broglio on Thursday 22-Mar-12
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Comments
Bernadette said:
on Friday 30-Mar-12 01:15 PM
I honestly don’t really understand most of it as it is always changing it is so hard to keep up.
liesl said:
on Friday 30-Mar-12 09:10 AM
I have to agree with Michael. Gold prices and currencies have as much value to me as the farmers weekly, which is of no value to me at all.
Robyn said:
on Friday 30-Mar-12 09:00 AM
I for one couldn't care less. I do listen to the news on the radio but when gold prices etc. come on, I change the station. And like you said, it hasn't changed much, so what's the big deal? For people like me that is.
Alexis said:
on Thursday 29-Mar-12 05:56 PM
WEll, i know of somebody who has shares and actually made quite a bit on the gold. So to other people do care and keep an account whereas yes the youth couldn't really care less. Unfortunately when it comes to road deaths, the only person to blame is the driver who caused the accident as they were not driveing the way they were meant to.
Kaylene said:
on Friday 23-Mar-12 09:18 AM
I totally agree, they should keep it on the CNN News and all those unnecessary news channnels on DSTV. So if you are interested you would know where to find it. Last week my daughters home work was to watch the news and write 10 sentences on what was happening on the news, she wanted to write about the gold prices,etc because it was on the news. They should really limit it
Johannesburg based attorney specializing in personal injury matters including Road Accident Fund claims and medical negligence matters. My interests include golf, reading and the internet and the way it is constantly developing. I have a passion for life and a desire for less stress!
