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South Africa's rand firmed on Friday as the dollar fell but was on track for a weekly loss of about 2%, hit by global trade tensions and local economic worries. Stocks rose for a second session, led by banks.
Eskom wage talks stalled, with the utility raising its offer to 6.2% from 4.7%.
A weaker rand raises the cost of imported feed inputs and freight priced in dollars for South African buyers, while emerging-market risk-off tends to pressure local currency-linked commodity import costs.
sabcnews.comRaymond AkambyJun 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.
