# South African rand weakens after data shows GDP stagnates in first quarter

> The rand weakened on Tuesday after first-quarter GDP grew just 0.1% quarter-on-quarter, showing the economy stagnated. Contractions in mining and manufacturing offset strong agricultural output.

- Date: 2025-06-03 · published 2025-06-03T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/24504-south-african-rand-weakens-after-data-shows-gdp-stagnates-in-first-quarter
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Weak domestic growth and a softer rand signal weaker local demand for feed and higher import costs for South African livestock producers.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/world/africa/south-african-rand-slips-before-q1-gdp-data-analysts-forecast-no-growth-2025-06-03/

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