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The rand weakened as much as 2% to 18.70 per dollar on May 30 as early election results pointed to a new political landscape. The JSE fell as much as 2.3%, and the 2035 local bond yield rose 17 basis points to 12.2%.
Election-driven currency weakness and higher local yields raise South African import costs and tighten financial conditions for feed buyers.
citizen.co.zaIna OppermanMay 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.
