# South Africa's rand weakens 1 percent on cabinet reshuffle reports

> The rand weakened more than 1 percent early Monday amid fresh risk aversion over rumours of a cabinet reshuffle. The rand had also weakened on Friday after media reports that President Zuma was considering firing ministers.

- Date: 2017-01-30 · published 2017-01-30T12:00:00.000Z
- Category: market · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/73269-south-africa-s-rand-weakens-1-percent-on-cabinet-reshuffle-reports
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

Political risk driving rand weakness raises South African import costs but does not materially move global feed commodity prices.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- uk.finance.yahoo.com: https://uk.finance.yahoo.com/news/south-africas-rand-weakens-1-percent-cabinet-reshuffle-081228567--finance.html

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