# Goldman Sachs expects South Africa's rand to extend gains as conditions improve | Reuters

> Goldman Sachs said in a research note that the rand may gain further against the dollar this year, supported by easing interest rates and firmer public finances. The currency ended 2025 nearly 13% stronger, its biggest annual gain in 16 years.

- Date: 2026-01-08 · published 2026-01-08T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/21343-goldman-sachs-expects-south-africa-s-rand-to-extend-gains-as-conditions-improve
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A forecast of continued rand strength would gradually lower South African import costs for dollar-priced feed ingredients, though the effect is a forecast rather than a new supply or demand shift.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/world/africa/south-african-rand-dips-while-investors-await-manufacturing-data-2026-01-08/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.