# EMERGING MARKETS-Civil unrest, virus woes see South African rand drop over 1% | CNBC Africa

> The rand fell more than 1% to 14.37 per dollar on Monday as violence spread after former President Zuma's jailing. South Africa extended tight Covid-19 restrictions by 14 days amid a third wave driven by the Delta variant.

- Date: 2021-07-12 · published 2021-07-12T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/46358-emerging-markets-civil-unrest-virus-woes-see-south-african-rand-drop-over-1
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Lockdown extensions and unrest weigh on South African demand and logistics, and a weaker rand raises the cost of imported feed ingredients.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/2021/emerging-markets-civil-unrest-virus-woes-see-south-african-rand-drop-over-1

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