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A business podcast said the rand had been one of the worst-performing currencies against the dollar so far in 2020, with coronavirus blamed for much of the decline. Analysts said the rand could strengthen to about 14.10 if the virus is contained or stay near 15 if weakness persists.
The rand's direction over the coming weeks will affect the local cost of imported feed ingredients for South African buyers, depending on how the virus and the budget play out.
businessday.co.zaMudiwa GavazaFeb 21, 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.
