# Rand set for weekly loss - Moneyweb

> The rand fell more than 2% over the week to 17.27 per dollar as Eskom's scheduled power cuts continued daily. President Ramaphosa cancelled his trip to Davos over the crisis, and the finance minister said the problem could take a year to fix. A farmer reported losing thousands of chickens to power problems and difficulties irrigating crops.

- Date: 2023-01-20 · published 2023-01-20T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/38088-rand-set-for-weekly-loss-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Persistent power cuts hurt South African poultry and irrigated farm output, which can raise local feed demand and costs. A weaker rand also increases the dollar cost of imported feed ingredients.

## Read by commodity

- USDZAR: bullish ▲
- CHICKEN: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-set-for-weekly-loss/

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