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The rand fell 0.9% against the dollar after an opinion poll showed support for the ruling African National Congress at 37% before the May election, down from 57.5% five years earlier. Investors are increasingly anxious about the political situation ahead of the vote.
Political uncertainty weakens the rand and raises the local cost of dollar-priced feed and fertiliser imports, which can lift domestic feed costs.
resource.dnsafrica.orgadmin See author's postsApr 15, 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.
