# Rand resumes losses as South Africa cabinet delay fuels angst - Moneyweb

> The rand fell 0.8% to R18.31 per dollar, leading emerging-market currency losses, as delays in forming President Ramaphosa's cabinet fueled concern. South Africa's benchmark bond yield rose 12 basis points and stocks fell for a third day. Traders worried that a prolonged delay could weaken the outlook for policy.

- Date: 2024-06-27 · published 2024-06-27T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/30085-rand-resumes-losses-as-south-africa-cabinet-delay-fuels-angst-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand raises the local-currency cost of dollar-priced feed imports into South Africa. The impact on global feed prices is limited.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rand-resumes-losses-as-south-africa-cabinet-delay-fuels-angst/

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