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Bloomberg data show that since the start of the post-apartheid era, the rand has tended to strengthen in the month before elections and weaken in the 30 days after them. The national vote is scheduled for May 8.
The article uses this history to forecast possible post-election weakness.
A weaker rand after the election would raise the local cost of imported feed ingredients. The outlook is a forecast based on past patterns, so it is not a confirmed price driver.
moneyweb.co.zaRobert Brand, BloombergApr 29, 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.
