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Ramaphosa was elected ANC leader on December 18, and the rand pared an early gain of up to 4% before falling 0.4% to 12.79 per dollar. Analysts at AllianceBernstein and Credit Suisse expect the rand to struggle to hold its 13% gain given economic and rating pressures.
Analysts expect the rand's gains to fade, which would raise rand-denominated costs of imported feed inputs modestly. Price effects on feed commodities are small.
moneyweb.co.zaPaul Wallace, BloombergDec 18, 2017Not 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.
