# Rand weakens as investors await SA economic recovery plan - Moneyweb

> The rand weakened ahead of President Cyril Ramaphosa's address on a economic recovery plan, with the currency 0.54% weaker at R16.63 per dollar. Bonds also sold off, with the 2030 yield rising to 9.44%. Analysts warned that high-yield foreign inflows could dry up without a credible plan for growth and debt.

- Date: 2020-10-15 · published 2020-10-15T12:00:00.000Z
- Category: policy · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/50929-rand-weakens-as-investors-await-sa-economic-recovery-plan-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Currency weakness raises the local cost of imported feed ingredients for South African buyers, and the risk of capital outflows adds to pressure. The effect depends on whether the recovery plan convinces investors.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-weakens-as-investors-await-sa-economic-recovery-plan/

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