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The rand weakened more than 2% on April 19, its biggest daily decline in five months, after Eskom warned of possibly more than 100 days of power cuts this year. The government will seek R1 billion for flood damage repairs, and a possible Covid resurgence adds to economic risk.
South African 2032 bond yields rose 17 basis points to 10.28%.
Power and infrastructure problems weaken the rand and raise the cost of imported feed inputs. Rising fiscal pressure is a local factor with limited global commodity impact.
economy24.co.zaStacey AndrewsApr 20, 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.
