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The rand strengthened to about 15.85 per dollar after South Africa's 2026 budget speech on February 25, which projected government debt peaking at 78.9% of GDP in 2025/26 and a deficit narrowing toward 4%. The budget also withdrew previously proposed tax increases.
Fiscal stability supports the rand, which can make South African-origin commodity exports marginally cheaper in dollar terms. The effect on feed-ingredient prices is modest.
investing.comFeb 26, 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.
