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The rand weakened on Tuesday after first-quarter GDP grew just 0.1% quarter-on-quarter, showing the economy stagnated. Contractions in mining and manufacturing offset strong agricultural output.
Weak domestic growth and a softer rand signal weaker local demand for feed and higher import costs for South African livestock producers.
reuters.comJun 3, 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.
