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South Africa's national budget was postponed on Wednesday after a disagreement in the coalition cabinet over raising the VAT rate by two percentage points. The rand was last about 1% weaker against the dollar, and the 2052 government bond fell about 1 cent.
Domestic political uncertainty can weaken the rand and raise import costs for feed buyers. The effect on feed prices is modest and depends on how quickly the budget is resolved.
reuters.comWendell RoelfFeb 19, 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.
