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The rand fell 2.5% in the week to 14.95 per dollar, its biggest weekly loss since February, after GDP data showed the worst quarterly performance since 2009. Analysts flagged political infighting at the ANC and concerns about state-owned enterprises such as Eskom and South African Airways.
Rand weakness raises the local-currency cost of imported feed ingredients for South African livestock and poultry producers.
moneyweb.co.zaColleen Goko, BloombergJun 9, 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.
