# Rand weakens after World Bank cuts growth forecast - Moneyweb

> The World Bank cut its 2018 growth forecast for South Africa to 1% from 1.4%, and took a dim view of President Ramaphosa's stimulus plan. The rand weakened to 14.68 per dollar in early trade. The benchmark 2026 bond yield was flat.

- Date: 2018-10-04 · published 2018-10-04T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/62831-rand-weakens-after-world-bank-cuts-growth-forecast-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Weaker growth lowers tax revenue and raises fiscal risk, which tends to pressure the rand and raise the cost of imported feed inputs.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-weakens-after-world-bank-cuts-growth-forecast/

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