# Ramaphosa has tough task meeting traders’ hopes - Moneyweb

> Ramaphosa was elected ANC leader on December 18, and the rand pared an early gain of up to 4% before falling 0.4% to 12.79 per dollar. Analysts at AllianceBernstein and Credit Suisse expect the rand to struggle to hold its 13% gain given economic and rating pressures.

- Date: 2017-12-18 · published 2017-12-18T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/67759-ramaphosa-has-tough-task-meeting-traders-hopes-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Analysts expect the rand's gains to fade, which would raise rand-denominated costs of imported feed inputs modestly. Price effects on feed commodities are small.

## Read by commodity

- USDZAR: neutral

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/south-africa/ramaphosa-has-tough-task-meeting-traders-hopes/

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