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Diamond: Rand; Dog: Faritec. DIAMONDS & DOGS.

Financial Mail

| October 02, 2009 | COPYRIGHT 2001 Johnnic Communications. (Hide copyright information)Copyright

Byline: Jamie Carr

DIAMONDS & DOGS 's picks of the week Diamond Rand Who'd a thunk it? The global economy falls out of bed, and before you can say flight to quality the rand has the dollar squealing like a piggy, while the pound is bent over, trousers down, enjoying the mightiest thrashing since Madam Whiplash left the Conservative party. In a year the local currency has gained 35% against the dollar and the euro and 56% against the pound. The consequences for the economy are huge.

Much to everybody's enormous surprise, local vendors of caviar and champagne seem a little tardy to pass on the benefits to the consumer. The canny punter who fancies a celebration …

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