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Investec's chief economist said the rand remains at the bottom of emerging-market currencies because of load shedding, state-owned enterprise support, and Transnet's logistical problems. The rand traded between R18.66 and R18.97 per dollar in the first week of December.
Transnet's port and rail bottlenecks slow grain and oilseed exports and raise shipping costs, which can widen South African export basis. The currency weakness itself has limited direct effect on feed prices.
businesstech.co.zaDec 4, 2023Not 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.
