# South Africa: Politics is a major driving factor – Rabobank — Octa

> Rabobank says national politics is a major driver of emerging-market currencies, citing the rand's rally of about 6.8% against the dollar in the fourth quarter. Ramaphosa's reform agenda has reduced the risk of further ratings downgrades, though the ANC remains divided.

- Date: 2017-12-22 · published 2017-12-22T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/67760-south-africa-politics-is-a-major-driving-factor-rabobank-octa
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A stronger rand lowers South African import costs for dollar-priced goods. The effect on global feed commodity prices is minimal.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- octaafrica.net: https://www.octaafrica.net/markets/news/view/524381/

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