# Politics, dollar recovery weigh on the rand

> South Africa's rand fell as much as 2.5% as the dollar recovered globally and President Jacob Zuma survived calls from within his party to step down over scandals. The ANC said it reaffirmed its support for Zuma, and the JSE Top-40 index was little changed. Benchmark 2026 bond yields rose about 9.5 basis points.

- Date: 2016-11-30 · published 2016-11-30T12:00:00.000Z
- Category: macro · region South Africa · magnitude low
- Page: https://feedsoft.ai/events/74126-politics-dollar-recovery-weigh-on-the-rand
- Commodities: [South African Rand (ZAR per USD)](https://feedsoft.ai/c/USDZAR.md)

## Why it matters

A weaker rand raises the local cost of imported feed inputs and ingredients priced in dollars, such as soybean meal and corn. Political risk and a firmer dollar can keep South African import costs elevated.

## Read by commodity

- USDZAR: bullish ▲

## Sources

- iol.co.za: https://iol.co.za/business-report/markets/2016-11-30-politics-dollar-recovery-weigh-on-the-rand/

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