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Foreign investors pulled about R27 billion from South African bonds and equities in the 10 days through mid-May, yet the rand gained 1.2% against the dollar. Analysts attribute the resilience to confidence in President Ramaphosa's reforms.
Currency resilience despite capital outflows has little direct bearing on feed commodity prices, so the effect on buyers is minimal.
moneyweb.co.zaColleen Goko, BloombergMay 17, 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.
