Loading…
The World Bank cut its 2018 growth forecast for South Africa to 1% from 1.4%, and took a dim view of President Ramaphosa's stimulus plan. The rand weakened to 14.68 per dollar in early trade.
The benchmark 2026 bond yield was flat.
Weaker growth lowers tax revenue and raises fiscal risk, which tends to pressure the rand and raise the cost of imported feed inputs.
moneyweb.co.zaNomvelo Chalumbira, ReutersOct 4, 2018Not 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.
