# The rand's dismal November

> The rand was on track for a 0.3% decline in November, one of only four emerging-market currencies to weaken, while the MSCI emerging-market currency index gained 2.9%. Local factors cited include power cuts, rail and port constraints, the grey-listing by financial regulators, and talks to tap foreign-exchange reserves.

- Date: 2023-12-01 · published 2023-12-01T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/33015-the-rand-s-dismal-november
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Persistent logistics constraints at South African ports and rail hamper grain and oilseed exports and raise costs. Currency weakness adds to import costs for feed ingredients.

## Sources

- techcentral.co.za: https://techcentral.co.za/the-rands-dismal-november/236202/

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