# South African rand falls on prolonged power cuts, bets for SARB pause | Reuters

> The rand weakened about 1% against the dollar on July 14 as prolonged power blackouts and expectations of a SARB pause weighed on sentiment. Analysts warned that a return to level 6 load shedding could weaken the currency further. US inflation data had earlier pushed the dollar to its weakest since April 2022.

- Date: 2023-07-14 · published 2023-07-14T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/35350-south-african-rand-falls-on-prolonged-power-cuts-bets-for-sarb-pause-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Power cuts that weaken the rand raise the dollar cost of imported feed ingredients for South African buyers, and they also hurt local processing and logistics.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/south-african-rand-catches-breath-after-rally-2023-07-14/

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