# South Africa's Ramaphosa wins election as ANC president | Reuters

> Cyril Ramaphosa won the leadership of South Africa's African National Congress, positioning him to succeed Jacob Zuma as president in 2019. The rand rose to a nine-month high of 12.52 per dollar ahead of the announcement, and government bonds closed firmer.

- Date: 2017-12-19 · published 2017-12-19T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/67756-south-africa-s-ramaphosa-wins-election-as-anc-president-reuters
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A market-friendly political outcome strengthened the rand, which lowers the rand cost of dollar-priced imports such as feed ingredients. The effect on feed commodity prices is limited.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/world/south-africas-ramaphosa-wins-election-as-anc-president-idUSKBN1EC05L/

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