# Land Reform Emerges as Battered Rand’s Latest Pressure Point - Bloomberg

> Bloomberg reports the rand plunged almost 10% against the dollar in August, its worst month in over five years. Traders are worried that the ruling party's push for land reform, including possible expropriation without compensation, could deepen the currency's losses.

- Date: 2018-09-03 · published 2018-09-03T12:00:00.000Z
- Category: policy · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/63342-land-reform-emerges-as-battered-rand-s-latest-pressure-point-bloomberg
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Expected rand weakness raises the local cost of imported feed ingredients for South African buyers. The risk comes from domestic policy uncertainty layered on top of emerging-market contagion.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2018-09-03/land-reform-emerges-as-latest-pressure-point-for-battered-rand

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