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ING analysts say President Trump's interest in South African land expropriation could bring fresh US sanctions risk, which would affect the rand more than the sovereign because much of the external debt is in local currency. The analysis notes that 7% of South African exports go to the US, and that South Africa runs a roughly $2 billion goods surplus with the US.
Sanctions risk would weaken the rand and raise the dollar cost of feed imports, though the analysis judges the US is unlikely to pursue action as aggressively as it has against China or Turkey.
think.ing.comChris TurnerAug 24, 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.
