Loading…
Investec's worst-case scenario projects the rand could weaken to R21.40 to the dollar by the end of 2024 and R21.90 by the end of 2025, though it assigns this a very low probability. Its most likely outcome is an average of R18.17 to R19.09 for the year, with the risks being delayed US rate cuts, a US recession, and Middle East escalation.
The forecast is a tail-risk scenario rather than a base case, but a sharp rand depreciation would raise the local cost of imported feed ingredients and energy.
businesstech.co.zaGovernmentApr 23, 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.
