# Mere talk of Zuma ouster spurs wagers on rand - Moneyweb

> Societe Generale, Credit Agricole and Citigroup are betting on a rand recovery as talk of removing President Zuma grows. The rand has lost about 4% since Zuma fired Finance Minister Gordhan and reached a two-month high on Wednesday.

- Date: 2017-05-24 · published 2017-05-24T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/71291-mere-talk-of-zuma-ouster-spurs-wagers-on-rand-moneyweb
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Bullish positioning on the rand could strengthen the currency and lower local-currency costs of dollar-priced feed imports, but the outlook depends on how the ANC political situation resolves.

## Read by commodity

- USDZAR: bearish ▼

## Sources

- moneyweb.co.za: https://www.moneyweb.co.za/news/south-africa/mere-talk-of-zuma-ouster-spurs-wagers-on-rand/

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