# South Africa: The rand remains susceptible to risk-off sentiments - BBH — Octa

> S&P cut South African local-currency debt to sub-investment grade in November, and Fitch has held junk status since April. Moody's has South Africa on negative watch, and the SARB cut its 2018 growth forecast to 1.2%.

- Date: 2017-12-28 · published 2017-12-28T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/67758-south-africa-the-rand-remains-susceptible-to-risk-off-sentiments-bbh-octa
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Downgrade risk and weak growth could weaken the rand and reduce South African import demand. Both effects are minor for global feed grain prices.

## Read by commodity

- USDZAR: neutral

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/525435/

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