# South Africa's rand firmer on high-yield hunt, stocks inch up - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

> The rand firmed about 0.45% to 14.2400 per dollar, erasing the previous session's losses. South African headline inflation rose to 3.2% year-on-year in March, but the currency barely reacted. Analysts said the rand is vulnerable to a short-term correction.

- Date: 2021-04-22 · published 2021-04-22T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/47901-south-africa-s-rand-firmer-on-high-yield-hunt-stocks-inch-up-sabc-news-breaking
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A stronger rand reduces the local cost of imported feed grains and meal. Inflation still sits within the central bank's target range, so rate-driven currency moves look unlikely.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- sabcnews.com: https://www.sabcnews.com/sabcnews/south-africas-rand-firmer-on-high-yield-hunt-stocks-inch-up/

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