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The rand is on track for a 0.3% decline against the dollar in November, one of only four emerging-market currencies to weaken this month. Analysts attribute the underperformance to persistent power cuts and other local factors.
Local weakness against a broadly weaker dollar raises the South African cost of imported feed inputs, though the impact on global commodity prices is limited.
news24.comColleen GokoNov 30, 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.
