# (ZAR USD) Rand Weakens Against Dollar on South Africa Load Shedding Woes - Bloomberg

> The rand weakened past 18 per dollar for the first time since May 2020, with losses of up to 0.9%. President Ramaphosa warned that rolling blackouts would persist, adding domestic pressure on the currency.

- Date: 2022-09-26 · published 2022-09-26T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/39844-zar-usd-rand-weakens-against-dollar-on-south-africa-load-shedding-woes-bloomberg
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Persistent power shortages weigh on South African economic activity and the rand, raising the cost of imported feed ingredients for local livestock producers.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2022-09-26/south-africa-s-power-woes-add-stress-to-rand-in-risk-off-trade

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