# South Africa scores another major own-goal for the rand – BusinessTech

> Investec's chief economist said the rand remains at the bottom of emerging-market currencies because of load shedding, state-owned enterprise support, and Transnet's logistical problems. The rand traded between R18.66 and R18.97 per dollar in the first week of December.

- Date: 2023-12-04 · published 2023-12-04T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/33014-south-africa-scores-another-major-own-goal-for-the-rand-businesstech
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Transnet's port and rail bottlenecks slow grain and oilseed exports and raise shipping costs, which can widen South African export basis. The currency weakness itself has limited direct effect on feed prices.

## Sources

- businesstech.co.za: https://businesstech.co.za/news/finance/735893/south-africa-scores-another-major-own-goal-for-the-rand/

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