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Financial markets have welcomed South Africa's new unity government, with the rand and local government bonds reacting positively. The rand has been among the few emerging-market currencies to gain since the start of the year.
Investors are cautiously optimistic that the government can deliver growth-friendly reforms.
A stronger rand reduces the local cost of imported feed inputs for South African buyers. The global price impact is negligible.
reuters.comKopano GumbiJun 19, 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.
