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The rand weakened to about 17.15 per dollar as Eskom extended scheduled power cuts to Stage 3 and Stage 4 through Tuesday. Power cuts are hitting manufacturing and other business sectors and weighing on growth.
Investors were also awaiting a Reserve Bank rate decision that week.
Load shedding weakens South African output and confidence, which pressures the rand and raises dollar-priced import costs for feed. Poultry and processing operations face direct disruption.
voaafrica.comReutersJan 23, 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.
