# South Africa's rand weaker as Zuma deadlock continues, stocks up | Reuters

> The rand weakened 0.44% to 11.965 per dollar on Wednesday as markets awaited talks between Cyril Ramaphosa and President Jacob Zuma over a transfer of power. Stocks rose as buyers returned to banking and financial shares, which had sold off in recent weeks.

- Date: 2018-02-07 · published 2018-02-07T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/66790-south-africa-s-rand-weaker-as-zuma-deadlock-continues-stocks-up-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Political uncertainty that weakens the rand raises the local cost of imported feed ingredients for South African buyers. The move is small and has no clear effect on global feed prices.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/markets/commodities/south-africas-rand-weaker-as-zuma-deadlock-continues-stocks-up-idUSL8N1PX69R/

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