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Investec's chief economist says the rand has lagged the 10.5% fall in the dollar index this year, gaining only 7%. She notes that US tariff deadlines on August 1 may give major partners extensions, while smaller partners face a risk of tariffs and currency weakness.
Smaller emerging-market exporters facing tariffs tend to see currency weakness, which affects import costs for feed buyers in those markets. South Africa's agricultural exports to the US are a small share of its total exports.
investec.comAnnabel BishopJul 25, 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.
