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The rand recovered slightly on Tuesday after a virus-related selloff, trading 0.14% firmer at R14.58 per dollar. It had earlier slid to R14.71, its weakest in two months.
Local bonds also rallied, with the 2026 benchmark yield falling 6 basis points.
The rebound eases near-term import cost pressure for South African feed buyers, though analysts warned it could be temporary while virus risks persist.
moneyweb.co.zaMfuneko Toyana, ReutersJan 28, 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.
