# SA a surprise safe haven in emerging market maelstrom - Moneyweb

> The rand has strengthened 2.4% this year and about 30% over the past 12 months while an emerging-market currency index fell. Morgan Stanley says South African bonds offer high real yields and attract investors as a safe haven within high-yield markets. Rand-denominated government bonds have delivered strong returns despite rising US Treasury yields.

- Date: 2021-04-29 · published 2021-04-29T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/47902-sa-a-surprise-safe-haven-in-emerging-market-maelstrom-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Foreign demand for high-yield rand assets keeps the currency firm, which lowers the local cost of imported feed inputs. Capital inflows can reverse quickly if global risk sentiment shifts.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/south-africa/sa-a-surprise-safe-haven-in-emerging-market-maelstrom/

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