# Rand rocked by outflows and uncertain politics - Moneyweb

> The rand weakened for a third day on 29 May, breaking above its 13.20 to 14.80 trading range amid record foreign equity outflows of R13.3 billion. Investors reacted to the delay in President Ramaphosa's cabinet announcement and an MSCI index rebalancing.

- Date: 2019-05-29 · published 2019-05-29T12:00:00.000Z
- Category: macro · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/59380-rand-rocked-by-outflows-and-uncertain-politics-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Sharp currency depreciation raises the rand cost of imported feed and other inputs for South African livestock and feed buyers. The pressure is driven by domestic political and capital-flow factors.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-rocked-by-outflows-and-uncertain-politics/

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