# Power Cuts Pound Rand

> The rand weakened to about 17.15 per dollar as Eskom extended scheduled power cuts to Stage 3 and Stage 4 through Tuesday. Power cuts are hitting manufacturing and other business sectors and weighing on growth. Investors were also awaiting a Reserve Bank rate decision that week.

- Date: 2023-01-23 · published 2023-01-23T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/38089-power-cuts-pound-rand
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Load shedding weakens South African output and confidence, which pressures the rand and raises dollar-priced import costs for feed. Poultry and processing operations face direct disruption.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- voaafrica.com: https://www.voaafrica.com/a/power-cuts-pound-rand/6929862.html

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