# South African Rand Could Be Tariff Trade Outperformer: Nedbank

> Nedbank analyst Walter De Wet said the rand could outperform currencies such as the Mexican peso, Canadian dollar and euro in the tariff environment, provided South Africa avoids further punitive tariffs. He noted that the US dollar has reached its highest real trade-weighted level since 1985, and that tariffs often drive currency depreciation.

- Date: 2025-02-28 · published 2025-02-28T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/26381-south-african-rand-could-be-tariff-trade-outperformer-nedbank
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

If the rand holds up better than peers, South African feed importers may face a smaller currency-driven rise in costs than buyers in exposed markets. The outlook hinges on whether South Africa is hit by new US tariffs.

## Read by commodity

- USDZAR: neutral

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/21574-south-african-rand-could-be-tariff-trade-outperformer-nedbank

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