# Does South Africa really need a stronger rand?

> The rand has strengthened about 15% over a couple of months after Cyril Ramaphosa replaced Jacob Zuma and reappointed Nhlanhla Nene as finance minister. The article questions whether a stronger currency helps South Africa, since it could hurt exporters and the agriculture and mining gains that drove recent growth.

- Date: 2018-02-28 · published 2018-02-28T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/66787-does-south-africa-really-need-a-stronger-rand
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A persistently stronger rand makes South African exports, including agricultural goods, less competitive and lowers import costs for feed. The price effect on global feed commodities is small.

## Read by commodity

- USDZAR: neutral

## Sources

- qz.com: https://qz.com/africa/1217414/why-is-south-africas-rand-currency-up

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