# South African rand marginally weaker; all eyes on budget speech | CNBC Africa

> The rand was marginally weaker at 17.6725 per dollar ahead of the mid-term budget speech by Finance Minister Godongwana. Economists expected a lower 2024/25 deficit estimate, and the 2030 government bond yield fell slightly.

- Date: 2024-10-30 · published 2024-10-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/28153-south-african-rand-marginally-weaker-all-eyes-on-budget-speech-cnbc-africa
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Budget signals on fiscal discipline shape the rand's direction, which feeds into the local cost of imported feed. The effect on feed prices is small.

## Read by commodity

- USDZAR: neutral

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/2024/south-african-rand-marginally-weaker-all-eyes-on-budget-speech

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