# Rand clings on to gains, Sasol leads stocks higher - Moneyweb

> The rand firmed to a six-week high of about 14.54 per dollar, with stocks rising led by Sasol. The move followed a pause in Eskom's load-shedding and investor buying of high-yielding currencies, ahead of the budget statement.

- Date: 2019-10-28 · published 2019-10-28T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/56873-rand-clings-on-to-gains-sasol-leads-stocks-higher-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A firmer rand modestly lowers the local cost of dollar-priced feed imports in South Africa. Its effect on global feed prices is negligible.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-clings-on-to-gains-sasol-leads-stocks-higher/

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