# Rand weakens as private sector credit demand growth slows - Moneyweb

> The rand weakened very slightly to 12.9825 per dollar after data showed private sector credit growth slowed to 5.71% in July from 6.16% in June. Analysts expect the South African Reserve Bank may cut rates again in September.

- Date: 2017-08-30 · published 2017-08-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/69753-rand-weakens-as-private-sector-credit-demand-growth-slows-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Slowing credit and a possible rate cut point to softer domestic demand and a marginally weaker rand, which raises local import costs for feed. The impact on world feed prices is small.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-weakens-as-private-sector-credit-demand-growth-slows-2/

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