So who offers some great Money Transfer services

GLOBALFUNDI - this is what they have to say!

With the forex market in South Africa being as fluid as it is you need a Forex company who has solid business policies while innovative business solutions. You need a business who understands that events across the world can easily influence the profit of money transfer in South Africa. We at Globalfundi have both that knowledge and the network to best safeguard your forex investment.

We can assist you with all your forex needs, be it the on the spot market you wish to venture into or perhaps the longer term forward marketing, with minimal hassle because we are perfection driven in what we do. Commitment to exceptional trading services is what will make us the best in the South African forex trading industry.

To be the best in an international trade requires a company to understand that collaborations are the key to being the best forex company in South Africa. At Globalfundi we have fostered firm, lasting relationships with foreign based companies known for their excellence in foreign exchange. With a solid foundation built on service commitment, financial experts and leading market analysts Globalfundi is the perfect platform in South Africa on which to launch your forex trading endeavor.

You want the best when it comes to your money and at Globalfundi the best is the minimum that we offer. For a reliable, international partnered forex trading company, best use Globalfundi now.

Paying the price for property in Dubai

Tameer Holding, a Dubai-based developer, has repossessed 400 units till date and expects no more defaults ahead of handover of its two projects next year, the company president told the news recently.

“During the last two years we put in place a strategy to deal with each investor particular situation, which has resulted in a considerable reduction in the rate of defaults already. We don’t expect defaults at handover of our Princess Tower and Elite Residence in Dubai Marinahttp://www.globalfundi.com/forex/money-transfer-services/, since the customer that are reaching that point have already paid a significant percentage of the purchase price,” said Tameer President Federico Tauber.

In November, Tauber told the news mediathat they company had repossessed 200 units.

Asked what will be the biggest challenge when they commence handover of the two towers in Dubai Marina, he said: “These two projects in combination contain in excess of 1,400 apartments. The single biggest challenge will be the logistics involved in coordinating and managing the handover process and moving in of such a large number of customers. The planning for this immense task has already begun.”

Getting the investors to transfer mnoney into the UAE was a logistaical task that was well managed by maoney trasnferring companies and agents who saved their clients huge sums of money by charging no transfer fees.  using Globalfundi, GCEN, Worldfirst, Torfx, Xoom, nd others were such a huge assistance stated Signor G Verdi from Globalfundi an international trasnfer company.


According to Tauber, the majority of apartments in both projects have been sold with only a small amount of inventory is currently available. Mortgages were not always available at all levels according to other sources.. He did not give the current sales prices, adding that prices were specific to each apartment and dependent on size, orientation, view, etc.

“Customers continue to recognise the value proposition of these landmark projects as sales continue to be achieved in both projects in recent months.”

Tameer has already completed Silver Tower in Business Bay and hand over procedures is likely to commence soon. The developer claims only a small number of apartments are available in Palace Towers project at Dubai Silicon Oasis.

“In an effort to assist our customers during these difficult times we are currently offering furniture vouchers to new apartment buyers in this project, this is in addition to the white goods already being provided. This offer has been welcomed by a number of buyers who have already taken up this opportunity which is available for a limited time only,” he added.

Rand/Pound exchange rate improves - Yeah!!!

So, the Rand has benefitted from a bounce in gold and oil prices over the last few days and not to mention that the South African trade deficit narrowed sharply in 2009, and actually showed a surplus in December as the recession caused a dip in imports. This certtainly provided some short term relief for the rand as SA pulled out of recession in the third quarter of 2009.  Indeed some good news.

Meanwhile the pound which had made gains in January 2010, got smacked with a credit downgrade on the banking sector by ratings agency S&P last week, and had a weaker than expected fourth quarter growth figure.   UK's inflation data showed consumer price inflation  up to 2.9% in December, well above the BoE's 2% target.
This outlook is improving for SA and it looks like we are heading back towards the recent highs at 11.50 - 11.65.

So expect UK Buyers of the Rand considering covering any requirement as soon as possible in case this latest slide takes them to new lows and us to new highs.

Nice, nice for us .
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