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South African Reserve Bank governor Lesetja Kganyago said in a quarterly statement that goods inflation is low at around 3%, partly thanks to the stronger rand. The explainer describes how the rand's exchange rate works, noting the dollar bought R18.76 on January 2, 2025 and just under R16.60 at the end of 2025.
A stronger rand that helps keep South African inflation low supports the central bank's rate path, which affects the currency and import costs for feed buyers in the region.
groundup.newsGroundUp StaffJan 30, 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.
