# South African rand hovers near 3-yr highs after Zuma quits | CNBC Africa

> The South African rand held near three-year highs after President Jacob Zuma resigned under pressure from the ANC. Markets had been rallying since December on expectations that Zuma would be ousted. Analysts said the removal was only the start of a new policy phase.

- Date: 2018-02-15 · published 2018-02-15T12:00:00.000Z
- Category: macro · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/66785-south-african-rand-hovers-near-3-yr-highs-after-zuma-quits-cnbc-africa
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Political change that lifts the rand lowers the rand cost of imported feed ingredients for South African buyers. The effect on global feed prices is limited.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/2018/south-african-rand-hovers-near-3-yr-highs-zuma-quits

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