# Local investors cushion impact of South Africa bond index exit - for now | Reuters

> South Africa lost its last investment-grade rating in March, and will be excluded from the World Government Bond Index on Thursday. Some large overseas funds will no longer be able to hold its debt. Local investors are cushioning the impact so far.

- Date: 2020-04-30 · published 2020-04-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/53914-local-investors-cushion-impact-of-south-africa-bond-index-exit-for-now-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Forced foreign selling of rand bonds pressures the currency, which can raise import costs for feed ingredients priced in dollars.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/business/finance/local-investors-cushion-impact-of-south-africa-bond-index-exit-for-now-idUSL8N2CI5GH/

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