# South African rand little changed after local PMI survey | Reuters

> South Africa's rand was broadly stable at 19.18 per dollar after a PMI survey showed factory activity recovering in February. Absa said the recovery may signal easing of port and rail congestion at Transnet, the state logistics operator.

- Date: 2024-03-01 · published 2024-03-01T12:00:00.000Z
- Category: report · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/31508-south-african-rand-little-changed-after-local-pmi-survey-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Easing congestion at South African ports would improve import and export flows for feed ingredients. The rand's stability keeps near-term import costs steady.

## Read by commodity

- USDZAR: neutral

## Sources

- reuters.com: https://www.reuters.com/world/africa/south-african-rand-firms-slightly-ahead-local-pmi-2024-03-01/

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