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The rand gained early on June 28 as the market awaited President Ramaphosa's unity government cabinet announcement, trading at 18.4150 per dollar. The gain followed a sharp decline caused by disagreements between the Democratic Alliance and the ANC over cabinet posts.
The benchmark 2030 bond yield dipped 1 basis point to 10.115%.
A firmer rand lowers the local cost of dollar-priced feed imports into South Africa. The effect on global feed markets is minimal.
finimize.comFinimize NewsroomJun 28, 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.
