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.

So as the Rand goes South So does the Pound!!

So can the Pound and the SA Rand hang on.

Following on from last week, the Pound slumped to the lowest level since January against the U.S Dollar and the SA Rand stands above R 8.04 to the $, after turmoil engulfing global stock markets increased demand for safe haven currencies and the rand is the fall guy at present. The minutes from the Bank of England's last policy meeting showed that policy makers may need to extend quantitative easing measures to support the economy and keep borrowing costs low. The UK currency also slumped for the first time in four days versus the Euro as the minutes also revealed that officials expect growth in the second half of the year to be much weaker.


There is an increased likelihood that the UK economy slipped into negative growth during the third quarter and the Pound is declining on the prospect of further stimulus measures to be introduced by November. The UK Business Secretary Vince Cable reiterated the need for the Bank of England to act and buy assets other than government bonds.


Will the SA rand re-value itself, and the SA Reserve Bank make a decision to drop rates - I would hope so.


But this is a great time to send money to SA and at no transfer fees this has to be a win for any investor sending money to SA.


The Pound also declined against the majors, as an industry report showed UK consumer confidence dropped to the lowest level in four months in August. The decline in confidence follows the worst civil unrest in thirty years during August, while gauges of manufacturing, services and construction also declined.


There is a high degree of uncertainty surrounding the outlook for the UK and indeed the global economy and speculation over another recession is also weakening demand for the Pound, particularly against the lower-yielding currencies like the Dollar and the Yen. The UK currency declined to a low of 1.5450 against the Dollar on Friday, the lowest level since January 11th.


The minutes also showed the voting pattern was 8-1 to maintain the current size of the bond-purchasing plan and was unanimous on keeping interest rates unchanged at 0.5%. However, policy maker Adam Posen, who has voted to increase quantitative easing measures every month this year, increased his recommendation to £250 billion worth of stimulus.


Investors are also betting that the Bank of England will keep interest rates on hold until after July 2012. Elsewhere, a report from the Office of National Statistics showed that Britain had its biggest budget deficit for any August since modern records began in 1993, as government spending increased and income tax receipts declined. The shortfall of £15.9 billion, compared with £14 billion a year earlier and the increase may jeopardise the UK's AAA credit rating. There is also speculation that the government will have to shift fiscal policies given the deterioration in the economic outlook. The weaker outlook for domestic and global growth had an important negative impact on confidence, amid fears that the UK debt burden could trigger a further downturn in economic activity. The latest CBI Industrial orders data provided no support to Sterling, weakening to -9 from 1 previously.
The Pound found support just below 1.54 over the weekend and the UK currency looks set for further losses, as the UK BBA mortgage lending data was marginally stronger-than-expected, which inspired a degree of confidence in the housing sector. The data didn't have a big impact on the market amid international developments elsewhere, which continued to dominate.
There were hopes that Euro-zone leaders would push towards a re-capitalisation of the banking sector and this would tend to provide a degree of relief to UK banks. The Pound also gained support from being outside the Euro-zone, as any burden of supporting weaker Euro-zone countries would not fall on the UK.


There will be very important concerns surrounding the UK economy with increasing pressure for additional quantitative easing by the Bank of England. Nevertheless, the Pound advanced towards 1.15 again against the Euro in early trading this morning and a move higher seems likely this week.


The SA Rand has definitely not escaped the double dip recession.

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.

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Whats happening on the FOREX Front?

Today's Sexy forex updates!

Rate cut prospects hit Kiwi


Kiwi falls to a 10-week low against its US counterpart, while the good old dollar fails to gain any safe and secure traction from risk aversion in other markets





US jobs data a spot of cheer for Asian stocks


Shares in Asia bounced back as investors were heartened by stronger US jobs market data but tensions in the Middle East continued to crimp gains

Brazil seeks to curb rising inflation


Brazil's central bank raised interest rates by 50 basis points in the second such move this year as it seeks to curb rising inflation - eeish whats next









Rise in crude propels gold to record high


Fighting between rebels and pro-Gaddafi forces in Libya fuel fears that the country could descend into civil war, heightening worries about prolonged supply disruptions

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