Wow! World Cup winners after being in 7th position in World rugby rankings just 18 months ago. Today our rugby team sits on top of the World and the Rankings!
By the close of trade on Friday, the South African rand had regained earlier losses in the week and strengthened against the US dollar.
- On the data front, South Africa’s seasonally adjusted Absa PMI continued to remain in contractionary territory in October, despite improvements in business activity and new sales orders.
- Separately, ratings agency, Moody’s downgraded the outlook of South Africa’s credit rating from stable to negative. The tone seems to have been set by Moody’s announcement that they were only going to downgrade the outlook to ‘negative’ but keep us at investment grade for a while longer. The decision gives us (the Government) time to get their house in order and at least get going on the plans they laid out for Eskom at the MTBS. A final chance to turn things around and prove that South Africa has what it takes to make the change.
- In the US, non-farm payrolls came in better than expected for October.
- However, the ISM manufacturing PMI dropped during the same month.
- The yield on benchmark government bonds rose on Friday. The yield on 2020 bond advanced to 6.92% while that for the longer-dated 2026 issue rose to 8.55%.
On Monday in early trade, the US dollar is trading 1.3% lower against the South African rand at R14.8373, while the euro is trading 1.3% lower at R16.5720. At 06:00 SAST. The British pound has declined 1.3% against the South African rand to trade at R19.2019.
By the close of trading on Friday, the euro mostly advanced against most of the major currencies.
- Market participants still look for clarity on Brexit developments.
In early trade on Monday, the euro has marginally advanced against the US dollar to trade at $1.1170, while it has marginally gained against the British pound to trade at GBP0.8633.
RWC – The Final:
The Boks scrum was no doubt the hammer blow the decimated the English from the get go. The Boks won 5 penalties off this facet of the game.
I had openly made mention in the leadup to the game that Wyllie Coach Rassie Erasmus must have something up his sleeve, and did he just! The kicking game that got us to the final was suddenly gone, with Faf de Klerk kicking only twice in the first half. England were caught completely off guard!
The Bok defense has proven to be the best in World rugby. There just was not a hint of a crack even when England were pressing on the Bok tryline deep into the 1st half.
For the Boks it’s a fairy tale. Played in 3 World Cup finals and have a perfect win record [3/3]. It was also fitting that the two try-scorers were wingers. Chester Williams and James Small, the two starting wingers in the 1995 final against New Zealand, both passed away earlier this year and would no doubt have been proud to witness Saturday’s heroics.
Bok fans will cherish fact that South Africa’s two try-scorers – Makazole Mapimpi and Cheslin Kolbe – wore Nos 11 and 14 on their backs respectively…
At the awards evening on Sunday evening in Tokyo:
- Rassie Erasmus was named as Coach of the Year,
- Springboks were named Team of the Year
- Pieter-Steph du Toit was named as World Player of the Year.
- The Springboks won 10 out of 12 Tests
- Scoring 424 points and 52 tries and conceding only 138 points and 10 tries – only four of them in seven matches at the Rugby World Cup.
- Statistically, it was the most successful Springbok season since 1998 when the team was in the middle of a 17-match winning streak.
World Rugby rankings
- South Africa 94.19
2. New Zealand 92.11
3. England 88.82
4. Wales 85.02
5. Ireland 84.45
6. Australia 81.90
7. France 80.88
8. Japan 79.28
9. Scotland 79.23
10. Argentina 78.31