Loading…
Finance Minister Godongwana's 2024 budget plan to use Reserve Bank contingency reserves to cut borrowing was initially welcomed, but the rand later fell more than 40 cents as global sentiment turned negative. By Friday it traded at R19.30 per dollar, its weakest since October 2023.
Currency weakness in South Africa raises the local cost of imported feed ingredients, while the sell-off reflects broader emerging-market risk aversion.
iol.co.zaChris HarmseFeb 26, 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.
