# Rand weighed down by Sarb row, stocks weak - Moneyweb

> The rand extended losses on Tuesday to 13.09 per dollar after the Public Protector's proposal to change the Reserve Bank's mandate. Stocks fell, with mining shares weighed down by a government increase in the black ownership threshold for mining firms to 30%.

- Date: 2017-06-20 · published 2017-06-20T12:00:00.000Z
- Category: policy · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/70780-rand-weighed-down-by-sarb-row-stocks-weak-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Rand weakness raises South African import costs for feed and grain. The mining ownership rule affects equities rather than agricultural supply, so the direct grain impact is small.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news-fast-news/rand-weighed-down-by-sarb-row-stocks-weak/

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