Loading…
Goldman Sachs' head of sub-Saharan Africa said the rand is undervalued and could strengthen to 11 per dollar. The currency had weakened about 17% since February, after South Africa entered recession in the second quarter.
A stronger rand would lower the local cost of imported feed inputs such as soymeal and corn-based ingredients. The forecast is an analyst view and does not by itself change global feed supply or demand.
moneyweb.co.zaGuy Johnson, BloombergSep 29, 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.
