# Goldman Sachs sees significant scope for rand strength - Moneyweb

> Goldman Sachs' head of sub-Saharan Africa said the rand is undervalued and could strengthen to 11 per dollar. The currency had weakened about 17% since February, after South Africa entered recession in the second quarter.

- Date: 2018-09-29 · published 2018-09-29T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/63338-goldman-sachs-sees-significant-scope-for-rand-strength-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A stronger rand would lower the local cost of imported feed inputs such as soymeal and corn-based ingredients. The forecast is an analyst view and does not by itself change global feed supply or demand.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/goldmans-coleman-sees-significant-scope-for-rand-strength/

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