Save time and money on international transfers within the Mining industry

The South African Mining sector is one of the most affected by international events and currency markets. Mining is vital to South African economy as it accounts for about 60% of our exports. Mining companies rely on us to provide cost effective currency transactions in order to protect their businesses and profit margins.

How currency exchange affects South African Mining businesses

South Africa is one of the world’s leading mining countries. For years South African Mining companies have struggled to control costs due to currency exchange rates. Most South African Mining businesses export minerals. As a result, they are exposed to currency market fluctuations and rely on a weak Rand to increase foreign exchange earnings.

What we can offer your business

Market updates to keep you informed of the currency movements

A better way to convert and transfer money globally

Simple and transparent FX pricing. No hidden fees!

Currency support for South African Mining businesses

Currency fluctuation can have a positive and negative impact on South Africa’s economy. It makes exports cheaper, and imports more expensive. This affects many of South Africa’s Mining businesses as there is a fine balance between manufacturing and mining.

While we cannot control currency market movements, we can help mining and manufacturing business in the mining sector reduce their foreign exchange costs by giving them access to a simple payment platform and the best exchange rates.

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Reduce your international payment costs with FX Paymaster

The Rand is an extremely volatile currency, this makes it difficult for South African Mining companies to control import and export costs. With the right currency strategy, South African Mining businesses can reduce their foreign exchange costs significantly.

Week 39 – The Dollar Ends The Month At A 2-Year-High

overview The month of September comes to an end today, with the Rand losing ground

30
Sep

Week 38 – Three Central Banks Delivered Anticipated Interest Rate Hikes To Combat Inflation This Week

overview This was a data filled week as three central banks delivered substantial interest rate

23
Sep

Week 37 – Could Inflation Be Worse Than Covid-19 For The Currency Markets?

OVERVIEW Inflation is giving global economies, central banks as well as consumers an extremely tough

16
Sep

Week 36 – Could R18.00 to the U.S Dollar possibly be on the cards?

OVERVIEW Uncertainty continues to reign globally, with rising global inflation battering economies. Emerging economies such

09
Sep

Week 35 – The Dollar Sees A 20-Year High Ahead Of The US Non-Farm Payrolls Data.

overview The greenback gained extensively in the markets against major peers this week as investors

02
Sep

Week 34 – Jackson Hole Economic Symposium Takes Market Attention

overview This week major markets traded side-ways against the rand till Wednesday. The much anticipated

02
Sep

Week 33 – U.S Retail Sales Data And Fed Meeting Minutes Sends Dollar Soaring to a 1-Month High.

overview Core retail sales boosted the Dollar this week among with comments made by Fed

02
Sep

Week 32- The Dollar Suffered Major Losses After U.S Inflation Declined.

OVERVIEW The Dollar saw its biggest decline in five months after inflation in the U.S

02
Sep

Forex Payments for the Mining Industry

Save time and money on international transfers within the Mining industry

How currency exchange affects South African Mining businesses

What we can offer your business

Currency support for South African Mining businesses

Reduce your international payment costs with FX Paymaster

Week 39 – The Dollar Ends The Month At A 2-Year-High

Week 38 – Three Central Banks Delivered Anticipated Interest Rate Hikes To Combat Inflation This Week

Week 37 – Could Inflation Be Worse Than Covid-19 For The Currency Markets?

Week 36 – Could R18.00 to the U.S Dollar possibly be on the cards?

Week 35 – The Dollar Sees A 20-Year High Ahead Of The US Non-Farm Payrolls Data.

Week 34 – Jackson Hole Economic Symposium Takes Market Attention

Week 33 – U.S Retail Sales Data And Fed Meeting Minutes Sends Dollar Soaring to a 1-Month High.

Week 32- The Dollar Suffered Major Losses After U.S Inflation Declined.

stay in the know

Forex Payments for the Mining Industry

Save time and money on international transfers within the Mining industry

How currency exchange affects South African Mining businesses

What we can offer your business

Currency support for South African Mining businesses

Reduce your international payment costs with FX Paymaster

Week 39 – The Dollar Ends The Month At A 2-Year-High

Week 38 – Three Central Banks Delivered Anticipated Interest Rate Hikes To Combat Inflation This Week

Week 37 – Could Inflation Be Worse Than Covid-19 For The Currency Markets?

Week 36 – Could R18.00 to the U.S Dollar possibly be on the cards?

Week 35 – The Dollar Sees A 20-Year High Ahead Of The US Non-Farm Payrolls Data.

Week 34 – Jackson Hole Economic Symposium Takes Market Attention

Week 33 – U.S Retail Sales Data And Fed Meeting Minutes Sends Dollar Soaring to a 1-Month High.

Week 32- The Dollar Suffered Major Losses After U.S Inflation Declined.

stay in the know

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