Loading…
Bearish bets against the rand reached their lowest level since before the 2008 financial crisis ahead of an expected SARB rate cut. South Africa offers the highest yield among investment-rated emerging-market countries.
Sustained rand strength reflects foreign bond inflows rather than trade flows, so its effect on South African feed costs is modest and mainly currency-driven.
moneyweb.co.zaColleen Goko, BloombergMar 27, 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.
