# Rand weaker on rescue package funding worries - Moneyweb

> The rand traded weaker at R18.86 per dollar on Tuesday over worries about how South Africa will fund a R500 billion rescue package. The package includes a R200 billion loan-guarantee scheme, R50 billion for social grants and R40 billion for unemployment benefits. Analysts said funds could take weeks to flow via multilateral lenders.

- Date: 2020-04-28 · published 2020-04-28T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/53909-rand-weaker-on-rescue-package-funding-worries-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand raises the local-currency cost of imported feed inputs and makes South African buyers of US-priced commodities pay more, while fiscal stress weighs on demand for feed.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-weaker-on-rescue-package-funding-worries/

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