# Rand extends decline as SA unveils Eskom rescue plan - Moneyweb

> The rand weakened about 1% to 14.70 per dollar, leading emerging market currency losses, after the government unveiled its Eskom rescue plan. Yields on 2026 benchmark bonds rose to 8.2%.

- Date: 2019-10-29 · published 2019-10-29T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/56870-rand-extends-decline-as-sa-unveils-eskom-rescue-plan-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

The currency move raises South African import costs for dollar-priced feed ingredients. The effect on global grain and oilseed prices is minimal.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-extends-decline-as-sa-unveils-eskom-rescue-plan/

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