# SA's rand weaker as S&P warns on economic headwinds - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

> The rand weakened on Tuesday after S&P said South Africa needed stronger growth to escape junk status. Markets priced an 89% chance of a 25 basis point SARB rate cut at the following day's meeting.

- Date: 2018-03-27 · published 2018-03-27T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/66286-sa-s-rand-weaker-as-s-and-p-warns-on-economic-headwinds-sabc-news-breaking-news
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand driven by ratings commentary modestly raises the local cost of imported feed inputs, though the move was small and the story is mainly about currency sentiment.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- sabcnews.com: https://www.sabcnews.com/sabcnews/sas-rand-weaker-sp-warns-economic-headwinds/

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