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The rand fell nearly 1% to R18.40 per dollar over the week as South Africa's national budget deadlock continued. Parties in the Government of National Unity are divided over a proposed incremental VAT increase to cover a R58 billion shortfall.
Domestic fiscal risk weakens the rand, raising the cost of imported feed inputs for South African buyers. The effect on global feed prices is limited.
iol.co.zaSiphelele DludlaMar 31, 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.
