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The rand firmed to a six-week high of about 14.54 per dollar, with stocks rising led by Sasol. The move followed a pause in Eskom's load-shedding and investor buying of high-yielding currencies, ahead of the budget statement.
A firmer rand modestly lowers the local cost of dollar-priced feed imports in South Africa. Its effect on global feed prices is negligible.
moneyweb.co.zaOlivia Kumwenda-Mtambo, Tanisha Heiberg, ReutersOct 28, 2019Not 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.
