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Barclays says the 2024 budget offers short-term relief for the rand through improved fiscal metrics and the transfer of ZAR150 billion in foreign assets. It warns structural challenges will keep risk premia embedded in the currency ahead of the May 29 election.
Persistent risk premia imply the rand may stay weak against the dollar, keeping South African feed import costs elevated.
poundsterlinglive.comGary HowesFeb 22, 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.
