Loading…
The rand weakened past 14 per dollar as Eskom entered a fifth straight day of blackouts, which investors see as damaging to the economy. The government said Eskom was technically insolvent and needed a bailout, and bond outflows added to the pressure.
A weaker rand raises the local cost of dollar-priced feed ingredients and imports, and the power crisis adds to downgrade risk that could push the currency lower.
moneyweb.co.zaMfuneko Toyana, ReutersFeb 14, 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.
