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The South African rand was steady on Monday at about 16.46 to the dollar as investors awaited month-end economic data and anti-immigration protests planned for Tuesday. Oil prices rose after tit-for-tat US-Iran strikes again slowed shipping through Hormuz.
The 2035 government bond yield rose 3.5 basis points to 8.22%.
The rand move is driven by global risk sentiment and oil prices rather than agricultural supply. For feed buyers, the impact is indirect, mainly through higher oil and fuel costs for South African importers.
cnbcafrica.comReutersJun 29, 2026Not enough comparable past events yet for a historical read.
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.
