# South Africa’s rand weaker as cautious investors favour safe-haven assets | CNBC Africa

> South Africa's rand weakened in early trade on March 31, 2021, to 14.94 per dollar as investors sought safe-haven assets. Fears of rising coronavirus infections and higher U.S. bond yields dampened demand for emerging-market assets. The dollar rose to a one-year high against the yen.

- Date: 2021-03-31 · published 2021-03-31T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/48416-south-africa-s-rand-weaker-as-cautious-investors-favour-safe-haven-assets-cnbc
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand raises the rand cost of imported feed inputs and makes South African buyers pay more for soy and corn imports priced in dollars. The effect on global feed prices is small.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/2021/south-africas-rand-weaker-as-cautious-investors-favour-safe-haven-assets

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