# Rand falls on cabinet reshuffle report; stocks down | CNBC Africa

> The rand weakened on Friday after a stronger dollar and media reports that Zuma planned to fire ministers who opposed him. South African stocks closed lower, led by financial shares.

- Date: 2017-01-27 · published 2017-01-27T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/73262-rand-falls-on-cabinet-reshuffle-report-stocks-down-cnbc-africa
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Political turmoil weakens the rand and dents local asset prices, a domestic currency effect with little bearing on global feed supply or demand.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- cnbcafrica.com: https://www.cnbcafrica.com/2017/rand-knocked-on-zuma-comments

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