# South African Rand Outlook: Goldman Sachs Staying "Constructive"

> Goldman Sachs strategists say the rand should stay well supported in coming weeks, as it has been the best-performing emerging-market currency over the past month and week. They flag the February budget and May general elections as the main risks.

- Date: 2019-01-28 · published 2019-01-28T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/61383-south-african-rand-outlook-goldman-sachs-staying-constructive
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Continued rand strength lowers the local-currency cost of dollar-priced feed ingredients for South African buyers. Political and budget risks could reverse the trend, adding uncertainty to import costs.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- poundsterlinglive.com: https://www.poundsterlinglive.com/zar/10750-south-african-rand-outlook-goldman-sachs-staying-constructive

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