# Rand (ZAR USD) Slumps as South Africa’s Electoral Turmoil Spooks Investors – Bloomberg - DNS Africa Resource Center

> The rand fell 0.9% against the dollar after an opinion poll showed support for the ruling African National Congress at 37% before the May election, down from 57.5% five years earlier. Investors are increasingly anxious about the political situation ahead of the vote.

- Date: 2024-04-15 · published 2024-04-15T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/31041-rand-zar-usd-slumps-as-south-africa-s-electoral-turmoil-spooks-investors
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Political uncertainty weakens the rand and raises the local cost of dollar-priced feed and fertiliser imports, which can lift domestic feed costs.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- resource.dnsafrica.org: https://www.resource.dnsafrica.org/2024/04/15/rand-zar-usd-slumps-as-south-africas-electoral-turmoil-spooks-investors-bloomberg/

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