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The rand strengthened to about 17.07 per dollar, up 0.5%, after the finance minister announced a lower inflation target that investors had expected. South African dollar-denominated bonds also gained.
A lower inflation target improves the policy outlook and supports the rand, which can ease local costs for imported feed ingredients. The impact on global feed prices is small.
reuters.comNov 12, 2025Not 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.
