# South African Rand Not Living Up to Expectations, Says Goldman Sachs

> Goldman Sachs said the rand has underperformed its emerging-market peers through November despite a weaker dollar and supportive metals prices. The bank named the rand as a preferred long in its 2024 FX outlook, citing domestic developments as the cause of the underperformance.

- Date: 2023-12-05 · published 2023-12-05T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/33012-south-african-rand-not-living-up-to-expectations-says-goldman-sachs
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Domestic issues weighing on the rand raise South African import costs for feed ingredients. The forecast of currency recovery would ease those costs if it materialises.

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/19588-south-african-rand-not-living-up-to-expectations-says-goldman-sachs

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