# Rand drops as power cuts, wage talks weigh - Moneyweb

> The rand weakened early on Tuesday, trading at R18.47 per US dollar, about 0.46% weaker than its previous close. Analysts blamed ongoing power outages, deadlocked public-sector wage talks and political tension ahead of the ANC's December leadership conference. The rand had reversed all of Friday's gains and posted its biggest one-day fall since June the previous Monday.

- Date: 2022-10-25 · published 2022-10-25T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/39423-rand-drops-as-power-cuts-wage-talks-weigh-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand raises the local-currency cost of imported feed ingredients such as corn, soybeans and meal, which feeds through to South African buyers' costs. The move is a routine currency update with no direct grain supply change.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rand-drops-as-power-cuts-wage-talks-weigh/

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