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The rand weakened past 18 per dollar for the first time since May 2020, with losses of up to 0.9%. President Ramaphosa warned that rolling blackouts would persist, adding domestic pressure on the currency.
Persistent power shortages weigh on South African economic activity and the rand, raising the cost of imported feed ingredients for local livestock producers.
bloomberg.comColleen Goko-Petzer, Paul BurkhardtSep 26, 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.
