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The rand has strengthened about 15% over a couple of months after Cyril Ramaphosa replaced Jacob Zuma and reappointed Nhlanhla Nene as finance minister. The article questions whether a stronger currency helps South Africa, since it could hurt exporters and the agriculture and mining gains that drove recent growth.
A persistently stronger rand makes South African exports, including agricultural goods, less competitive and lowers import costs for feed. The price effect on global feed commodities is small.
qz.comLynsey ChutelFeb 28, 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.
