# South African rand ends stronger, receding Evergrande fears help | Financial Post

> The South African rand ended stronger on Monday after a volatile session, at about 14.91 per dollar, as fears of contagion from Evergrande's debt problems eased. China's central bank pledged to protect consumers exposed to the housing market and injected cash into the banking system. Johannesburg stocks were mixed, with the All-Share index up 0.23%.

- Date: 2021-09-27 · published 2021-09-27T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/45353-south-african-rand-ends-stronger-receding-evergrande-fears-help-financial-post
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand lowers the local-currency cost of dollar-priced grain and meal imports for South African buyers. Easing China risk also supports demand expectations for South Africa's commodity exports.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/south-african-rand-ends-stronger-receding-evergrande-fears-help

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