# Debt Rising Sends South Africa's Rand Tumbling, Stocks to Record - Bloomberg

> The rand and South African bonds extended declines as foreign investors sold local notes after government forecasts for higher public debt and wider deficits over the next three years. Offshore investors sold 5.13 billion rand of bonds on Wednesday, the most in six years, and the 10-year yield rose to a 16-month high, while stocks hit a record on rand-hedge gains.

- Date: 2017-10-26 · published 2017-10-26T12:00:00.000Z
- Category: policy · region South Africa · magnitude medium
- Page: https://feedsoft.ai/events/68774-debt-rising-sends-south-africa-s-rand-tumbling-stocks-to-record-bloomberg
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Fiscal deterioration and capital outflows weaken the rand, which raises the local cost of imported feed inputs. The impact on global grain and protein prices is small, but it affects South African feed margins.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2017-10-26/debt-rising-sends-south-africa-s-rand-tumbling-stocks-to-record

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