# Budget negotiations and Trump tariffs spark rand's decline amidst political turmoil

> The rand fell nearly 1% to R18.40 per dollar over the week as South Africa's national budget deadlock continued. Parties in the Government of National Unity are divided over a proposed incremental VAT increase to cover a R58 billion shortfall.

- Date: 2025-03-31 · published 2025-03-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/25852-budget-negotiations-and-trump-tariffs-spark-rand-s-decline-amidst-political
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Domestic fiscal risk weakens the rand, raising the cost of imported feed inputs for South African buyers. The effect on global feed prices is limited.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- iol.co.za: https://iol.co.za/business-report/2025-03-31-budget-negotiations-and-trump-tariffs-spark-rands-decline-amidst-political-turmoil/

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