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South Africa's finance minister is set to deliver the medium-term budget policy statement, with revenue collections expected to fall about R60 billion short of February budget estimates. Debt service costs have risen to roughly R366 billion, and the minister has warned the government could run out of money by March next year.
Fiscal stress could weigh on the rand and raise import costs for dollar-priced feed, though the budget itself is a domestic policy event with limited direct grain price impact.
moneyweb.co.zaAmanda VisserOct 31, 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.
