Loading…
The rand dropped after a state research agency model showed the ANC losing its parliamentary majority for the first time since apartheid ended. Investors had positioned for a comfortable coalition outcome, and the projections unsettled those expectations.
Political uncertainty pushes the rand weaker against the dollar, which raises the local-currency cost of imported feed ingredients.
bloomberg.comColleen Goko-PetzerMay 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.
