# Foreign exodus has barely budged the rand - Moneyweb

> Foreign investors pulled about R27 billion from South African bonds and equities in the 10 days through mid-May, yet the rand gained 1.2% against the dollar. Analysts attribute the resilience to confidence in President Ramaphosa's reforms.

- Date: 2018-05-17 · published 2018-05-17T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/65296-foreign-exodus-has-barely-budged-the-rand-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Currency resilience despite capital outflows has little direct bearing on feed commodity prices, so the effect on buyers is minimal.

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/economy/foreign-exodus-has-barely-budged-the-rand-heres-why/

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