Loading…
The rand hit its weakest level in about two and a half years against the US dollar this week, at levels last seen early in the pandemic. The article attributes the slump to the Russia-Ukraine war, supply-chain cost pressures, and domestic power outages, including stage 6 load shedding.
Investor confidence in South Africa has weakened as a result.
A weaker rand raises the cost of imported feed ingredients and other inputs for South African livestock producers and feed mills. Ongoing power cuts add operational risk for domestic processing.
thesouthafrican.comTom HeadNov 1, 2022Not 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.
