# Rand breaches $14 as Eskom sours outlook - Moneyweb

> The rand weakened past 14 per dollar as Eskom entered a fifth straight day of blackouts, which investors see as damaging to the economy. The government said Eskom was technically insolvent and needed a bailout, and bond outflows added to the pressure.

- Date: 2019-02-14 · published 2019-02-14T12:00:00.000Z
- Category: macro · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/60879-rand-breaches-14-as-eskom-sours-outlook-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand raises the local cost of dollar-priced feed ingredients and imports, and the power crisis adds to downgrade risk that could push the currency lower.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-breaches-14-as-eskom-sours-outlook/

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