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The rand was down 1.8% in March after a 6.8% loss in February, erasing its year-to-date gain. Foreign investors sold South African bonds at the fastest pace since November, and traders are wary of a Moody's review at month-end and May elections.
Heightened rand volatility and capital outflows raise the local currency cost of imported feed ingredients for South African buyers, without a direct global grain price impact.
moneyweb.co.zaColleen Goko, BloombergMar 11, 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.
