# Rand rises but on track for weekly loss, stocks up - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

> South Africa's rand firmed on Friday as the dollar fell but was on track for a weekly loss of about 2%, hit by global trade tensions and local economic worries. Stocks rose for a second session, led by banks. Eskom wage talks stalled, with the utility raising its offer to 6.2% from 4.7%.

- Date: 2018-06-29 · published 2018-06-29T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/64815-rand-rises-but-on-track-for-weekly-loss-stocks-up-sabc-news-breaking-news
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand raises the cost of imported feed inputs and freight priced in dollars for South African buyers, while emerging-market risk-off tends to pressure local currency-linked commodity import costs.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- sabcnews.com: https://www.sabcnews.com/sabcnews/rand-rises-but-on-track-for-weekly-loss-stocks-up/

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