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The rand weakened about 3.3% against the dollar in August, trading as weak as R15.11 before closing at R15.07. Pressure came from escalating US-China trade tensions and a scathing Moody's review questioning Eskom's financial sustainability.
Moody's is the last of the three major agencies that still rate South Africa above junk.
The weaker rand raises the cost of imported inputs, including oil and feed ingredients priced in dollars, which can feed through to South African feed costs.
sabcnews.comSipho KekanaAug 7, 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.
