# 3 scenarios for the rand in South Africa – and where it’s heading for the rest of 2022 – BusinessTech

> PwC published an economic outlook for South Africa with three scenarios for the rand through the rest of 2022. The article cites the rand's weakness above R16.00 per dollar in May and June, driven by Ukraine-related risk-off sentiment, a strong dollar and domestic load-shedding and flooding. It also notes that Russia and Ukraine supply large shares of global sunflower, wheat and potash exports.

- Date: 2022-06-30 · published 2022-06-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/41268-3-scenarios-for-the-rand-in-south-africa-and-where-it-s-heading-for-the-rest-of
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The scenarios frame the currency outlook for South African feed importers, and the Russia-Ukraine supply shares highlight possible upside risk for oilseed and grain prices. The forecasts are conditional and do not themselves move prices.

## Read by commodity

- USDZAR: neutral

## Sources

- businesstech.co.za: https://businesstech.co.za/news/finance/601786/3-scenarios-for-the-rand-in-south-africa-and-where-its-heading-for-the-rest-of-2022/

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