# South African Rand Outlook: ZAR Rates Rise As Markets Digest SA Budget News

> The rand rebounded as markets digested South Africa's 2020 budget, which proposed cutting the public sector wage bill by 160 billion rand. The currency had been weak for weeks amid coronavirus worries and domestic concerns.

- Date: 2020-02-26 · published 2020-02-26T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/54867-south-african-rand-outlook-zar-rates-rise-as-markets-digest-sa-budget-news
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand lowers the local-currency cost of imported feed inputs, though the gain depends on whether budget measures reassure investors about the credit rating.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- exchangerates.org.uk: https://www.exchangerates.org.uk/news/28727/2020-02-26-south-african-rand-outlook-zar-rates-rise-as-markets-digest-sa-budget-news.html

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