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Old 24th Oct 2003, 16:31
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Sir Cumference
 
Join Date: Jul 2000
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Rossair

I have heard the same rumour however it is just that, a rumour but that is what this forum is for. Operators who have enjoyed years of "the falling Rand" are struggling with the concept that the currency has strengthened by 30% recently. This in effect is a 30% reduction in income for those who earn the US currency. The effects are devestating and the SA offshore contracting companies are all battling to make ends meet. The Rand is the major culprit, however time will tell!
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