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The rand was on track for a fourth weekly loss against the dollar by 10 February 2023, underperforming emerging-market peers. Analysts attributed the South Africa-specific risk premium to slow government action on the Eskom power crisis, with the currency at about R17.80 per dollar.
Power-driven currency weakness raises the cost of imported feed ingredients for South African buyers. Persistent outages could also disrupt domestic feed production and logistics.
moneyweb.co.zaColleen Goko, BloombergFeb 10, 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.
