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The rand weakened early Friday at 19.14 per dollar as Covid-19 economic concerns hurt risk appetite. South Africa announced a partial economic reopening from May 1.
More than R50 billion has left South African bonds this year, and index exclusion is expected to add selling pressure.
Currency weakness and risk-off flows raise the rand cost of imported feed ingredients, supporting higher landed prices for South African feed buyers.
moneyweb.co.zaOlivia Kumwenda-Mtambo, ReutersApr 24, 2020Not 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.
