# Rand held back by political uncertainty, IMF says - Moneyweb

> The IMF's Africa department head said political uncertainty is probably weighing on the rand, despite sound fiscal and monetary policy. The IMF cut its 2019 growth forecast for South Africa to 1.2%, down from 1.4%. The rand has slumped back to pre-Ramaphosa levels.

- Date: 2019-04-12 · published 2019-04-12T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/59864-rand-held-back-by-political-uncertainty-imf-says-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Weak growth forecasts and political risk keep the rand under pressure, which raises the local cost of imported feed inputs. The effect is a currency and macro signal rather than a direct grain market driver.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/economy/rand-held-back-by-political-uncertainty-imf-says/

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