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Economist Dawie Roodt warned the rand could reach R25 to R30 per dollar within two to three years if the private sector stops funding South Africa's fiscal deficit. He also cited possible rises in long-term rates and inflation above 10%.
A sharply weaker rand would make dollar-priced feed imports far more expensive for South African buyers, but this is a speculative long-range scenario rather than a current driver.
businesstech.co.zaBusinessTechNov 1, 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.
