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The South African rand softened to about 17.29 per dollar after a mixed run of local data. M3 money supply growth slowed to 6.18% and credit growth edged up to 5.86%, while the trade surplus came in far below forecasts and the budget posted a deficit of 38.35 billion rand.
Foreign direct investment swung to outflows of 73.5 billion rand in the second quarter.
A weaker rand raises the local cost of imported feed inputs such as soybean meal and corn, which can lift South African feed prices. The data point to a fragile domestic economy that could keep the currency under pressure.
cnbcafrica.comReutersSep 30, 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.
