Loading…
The rand weakened on Thursday after the SARB cut the repo rate from 6.75% to 6.5% and said the currency was overvalued. The bank estimated the rand was somewhat overvalued and that further strengthening was probably limited.
The SARB view that the rand has limited upside points to a softer currency, which would raise the rand cost of imported feed ingredients for South African livestock producers.
businesstech.co.zaStaff WriterMar 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.
