Personal Finance with Warren Ingram Personal finance: Understanding the Rand and how it moves our money
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Jun 24, 2025 Join financial advisor Warren Ingram, a co-founder of Galileo Capital, as he unpacks the complexities of the Rand and its impact on our finances. He dives into how global sentiment and geopolitical factors sway the currency, often overshadowing local efforts. Ingram discusses the Rand's influence on everyday prices, like food and fuel, and offers insights on navigating investment strategies in unpredictable markets. His advice on balancing stability and potential growth ensures listeners are equipped to manage financial risks effectively.
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Rand's Impact on Living Costs
- The rand's value against the dollar affects almost every aspect of living costs, including food and transport.
- A weak rand increases import inflation, leading the Reserve Bank to raise interest rates, impacting mortgages and government debt costs.
Rand Movement Driven Globally
- The rand is highly liquid and influenced mainly by global factors, making government attempts to control it ineffective.
- Political missteps can quickly depreciate the rand, but improvements do not immediately strengthen it.
Rand and Fuel Price Effects
- The rand-determined fuel price highly influences inflation and the economy.
- A strong rand with low oil prices can reduce inflation and interest rates, spurring economic growth.