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The rand was marginally weaker at 17.6725 per dollar ahead of the mid-term budget speech by Finance Minister Godongwana. Economists expected a lower 2024/25 deficit estimate, and the 2030 government bond yield fell slightly.
Budget signals on fiscal discipline shape the rand's direction, which feeds into the local cost of imported feed. The effect on feed prices is small.
cnbcafrica.comReutersOct 30, 2024Not 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.
