# Rand clings to gains amid better debt outlook in budget - Moneyweb

> South Africa's rand held cautious gains after Finance Minister Enoch Godongwana's maiden budget said debt would peak lower than expected and spending would grow only modestly. Higher commodity export prices are expected to boost tax receipts, and the rand traded near R15.03 per dollar.

- Date: 2022-02-23 · published 2022-02-23T12:00:00.000Z
- Category: policy · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/42977-rand-clings-to-gains-amid-better-debt-outlook-in-budget-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A stronger rand on fiscal credibility lowers the local-currency cost of dollar-priced imports, including feed ingredients, while high commodity prices support South African export earnings.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/in-depth/budget/rand-clings-to-gains-amid-better-debt-outlook-in-budget/

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