Crypto crash underway Bitcoin down 6%, Following Nvidia collapse by 14% pre-market. Widespread tech selloff.

Rand collapse, FNB quoting 19.25/$. This looks like the start of a crash to 22. SARB should step in with emergency 2% hike this week, probably won't. Expect the ANC to become more militant in rhetoric.

SA Budget speech cancelled after widespread opposition to major tax increases, new taxes. Govt will now try to find support for the 2025 Budget in parliament before presenting budget to public, maybe next month.

SA Budget speech cancelled. ZAR, resource shares and SA Bonds hammered as SA govt depts now have no budget allocations. Govt effectively frozen as its primary function is spending.

Europeans abandoned the defense necessary for their own sovereignty so they could finance welfare states, which they then destroyed with mass immigration So now they have infinite migrants, bankrupt social programs, and a complete lack of security

Zelensky just destroyed himself and maybe Ukraine.

Every place in the world that has any spare debt capacity, is being loaded up to the gills with debt. Here is South Africa

Desperate and useless politicians trying to look successful with debt spending, like a loser in an expensive car financed to the hilt. Many countries similar to SA.

Gold futures ripping past 3 100, spot gold about 3 080 as the tech bubble continues to burst and pulls down the Dow

I see silver bullion now at 30% premium above spot, dealers front running the current silver/gold ratio imbalance?

ZAR/USD retail exchange rate tops R20 this evening as spot price collapses to 19.75.

ZAR/USD, Rand down 11% in just 5 months since early Nov '24. Weaker again today while JSE bounces back on US tariff reprieve.

USD collapse, DXY down to 98 but ZAR even weaker. Last time DXY at today's level was early March '22 and Rand was at 15.40. Inflation does not account for 22% decline to 18.70. Rand fair value today is low 17s.

SARB MPC cut by 0.25%

Brent oil is up 10% on a 30-day view due to Israel-Iran. It was drifting lower into the $50 range. This will impact China, Japan and many others. Isreal's intentions this time look very different and longer-term.

SARB cuts by 0.25 and there goes the ZAR to 18.20/USD. ZAR was already wilting under $ rebound. But it's now down more that 3% from its high of around 17.50 only 7 days ago.

You could say SA rate cut is a reaction to possible 40% tariffs taking effect tomorrow as SARB looks to soften the impact by lifting domestic consumption.

JSE, ZAR slump as US tariffs hit. Financial stocks especially hard-hit, down more than 2%. Broke SA Govt reacts by creating aid package (tax payer's money) to assist those affected (more fraud and debt). Ofc whites need not apply for aid.

Hilarious!

Trump/Putin meeting today in Anchorage marks the end of EU/UK role in world affairs. The other big players sidelined are China and UN, likely wondering where they are going. EU was created to be equivalent to the US and today that dream faded.