# South African Rand: Near-term Budget Benefits But Risk Premia Remains Says Barclays

> Barclays says the 2024 budget offers short-term relief for the rand through improved fiscal metrics and the transfer of ZAR150 billion in foreign assets. It warns structural challenges will keep risk premia embedded in the currency ahead of the May 29 election.

- Date: 2024-02-22 · published 2024-02-22T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/31952-south-african-rand-near-term-budget-benefits-but-risk-premia-remains-says
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Persistent risk premia imply the rand may stay weak against the dollar, keeping South African feed import costs elevated.

## Read by commodity

- USDZAR: neutral

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/19901-south-african-rand-near-term-budget-benefits-but-risk-premia-remains-says-barclays

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