Loading…
The SARB raised its repo rate by 50 basis points to 7.75%, a hawkish surprise driven by load-shedding and deteriorating global financial conditions. The central bank cited concerns about the effect of electricity shortages on inflation.
Higher South African rates tend to firm the rand, which reduces import costs for feed ingredients, while load-shedding adds logistics and processing risk for domestic feed producers.
businessday.co.zaHilary JoffeMar 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.
