# Good news for the rand – Daily Investor

> Investec's chief economist said the rand's outlook is more optimistic after the new government was formed, which lowered South Africa's political risk premium. The rand had strengthened sharply from R19.27 before the election to R17.89 but weakened to about R18.53 in July after the central bank's inflation forecast cut.

- Date: 2024-07-30 · published 2024-07-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/29580-good-news-for-the-rand-daily-investor
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Lower political risk supports the rand and reduces the local cost of dollar-priced imports, while expected rate cuts in both countries limit how far the currency can strengthen.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- dailyinvestor.com: https://dailyinvestor.com/finance/59357/good-news-for-the-rand-2/

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