# Rand firms after Ramaphosa announces $14.7bn China investment - Moneyweb

> The rand firmed over 1% to 13.32 per dollar after President Ramaphosa announced that China would invest $14.7 billion in South Africa. Traders also noted a sliding greenback lifted most emerging market currencies.

- Date: 2018-07-24 · published 2018-07-24T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/64324-rand-firms-after-ramaphosa-announces-14-7bn-china-investment-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Foreign investment inflows support the rand, lowering import costs for South African feed buyers, while the weaker dollar has a modest bullish effect on dollar-priced commodities.

## Read by commodity

- DXY: bearish ▼
- USDZAR: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2017-01-24 | [Rand firmer after Sarb keeps rates on hold - Moneyweb](https://feedsoft.ai/events/73270-rand-firmer-after-sarb-keeps-rates-on-hold-moneyweb.md) | -0.4% | -0.6% |
| DXY | 2019-01-29 | [Rand firms on US rate expectations, stocks climb - Moneyweb](https://feedsoft.ai/events/61379-rand-firms-on-us-rate-expectations-stocks-climb-moneyweb.md) | -0.2% | -0.0% |
| DXY | 2025-12-29 | [Rand set for biggest gain in 16 years on SA stability - Moneyweb](https://feedsoft.ai/events/21775-rand-set-for-biggest-gain-in-16-years-on-sa-stability-moneyweb.md) | +0.1% | -1.7% |
| DXY | 2023-07-27 | [Greenback weakens and it could get worse after Fed signals - InvestmentNews](https://feedsoft.ai/events/35221-greenback-weakens-and-it-could-get-worse-after-fed-signals-investmentnews.md) | +1.2% | +1.9% |
| DXY | 2022-05-18 | [Euro, Pound rises in Asia after improvement in investor sentiment - CNBC TV18](https://feedsoft.ai/events/12690-euro-pound-rises-in-asia-after-improvement-in-investor-sentiment-cnbc-tv18.md) | -1.1% | +1.5% |

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/south-africa/rand-firms-after-ramaphosa-announces-14-7-bln-china-investment/

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