# South Africa’s rand to only recoup half of 2023 losses due to electricity shortages | CNBC Africa

> A Reuters poll found the South African rand will recoup only about half of its over 10% losses against the dollar this year within 12 months. Electricity shortages and rolling power cuts limit the currency's potential for sustained gains. The rand strengthened below 19 per dollar on June 7 as power cuts eased.

- Date: 2023-06-08 · published 2023-06-08T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/35798-south-africa-s-rand-to-only-recoup-half-of-2023-losses-due-to-electricity
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A slower rand recovery keeps dollar-priced feed imports expensive for South African buyers over the coming year. The forecast implies only a gradual easing of that cost pressure.

## Read by commodity

- USDZAR: neutral

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/2023/south-africas-rand-to-only-recoup-half-of-2023-losses-due-to-electricity-shortages

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