# South African assets slip on uncertain election outcome | Reuters

> South Africa's rand, stocks and bonds fell on Thursday after election projections showed the ANC set to lose its parliamentary majority for the first time in 30 years. The rand fell more than 1% against the dollar at one point and traded near 18.59.

- Date: 2024-05-30 · published 2024-05-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/30550-south-african-assets-slip-on-uncertain-election-outcome-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A coalition-dependent government raises uncertainty over fiscal and economic policy, which weakens the rand and raises the cost of dollar-priced feed imports for South African buyers.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/south-africas-rand-stocks-bonds-slip-projections-show-anc-losing-majority-2024-05-30/

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