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The rand led currency gains after President Cyril Ramaphosa said it was undervalued and that his land reform plans would not cause disruption. Analysts attributed the rally to improving local and global sentiment.
A firmer rand reduces the local-currency cost of imported feed ingredients for South African buyers. The move is sentiment-driven and analysts disagree on whether it will last.
moneyweb.co.zaAmogelang Mbatha, Rita NazarethSep 26, 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.
