# South Africa and the Rand: On the lookout for an (in)credible budget | reports | ING THINK

> ING previewed South Africa's budget, which was due to be scrutinised for measures to stop a Moody's downgrade. It noted that gross debt could rise from 61% to over 80% of GDP within a decade without fiscal changes, and that USD/ZAR had moved from 14.00 to about 15.20.

- Date: 2020-02-25 · published 2020-02-25T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/54868-south-africa-and-the-rand-on-the-lookout-for-an-in-credible-budget-reports-ing
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The outcome of the budget and the rating review will determine whether the rand weakens further, which affects import costs for feed buyers in South Africa.

## Read by commodity

- USDZAR: neutral

## Sources

- think.ing.com: https://think.ing.com/reports/south-africa-and-the-rand-on-the-lookouut-for-an-incredible-budget/

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