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The rand weakened to about 16.40 per dollar on September 28 as Brent crude rose toward $108 a barrel and gold fell more than 3% to about $4,150 an ounce. Expectations of further US rate increases also supported the dollar.
Higher crude and a weaker rand raise South Africa's import costs, and the stronger dollar tends to tighten global commodity financing, which pressures feed importers.
thenational.co.zaAshley LechmanSep 28, 2026Not enough comparable past events yet for a historical read.
After 323 past bullish macro events, Crude Oil (Brent) moved a median +0.7% over 5 sessions (58% higher; middle half -2.9% to +3.7%), and +1.3% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
