# Rand’s slide is tempered by yield chasers unfazed by Zuma’s win - Moneyweb

> President Zuma survived a leadership challenge within the ANC, and the rand gave back part of its prior-week gains. Investors kept buying high-yielding South African bonds, with net inflows of R5.3 billion last week.

- Date: 2017-05-29 · published 2017-05-29T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/71285-rand-s-slide-is-tempered-by-yield-chasers-unfazed-by-zuma-s-win-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Carry-driven inflows are cushioning the rand despite political risk, so the currency may stay firmer than fundamentals alone would suggest, limiting import cost pressure for feed buyers.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/markets/rands-slide-is-tempered-by-yield-chasers-unfazed-by-zumas-win/

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