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Absa's Global Investments & Solutions published a three-year rand forecast in its October report. It expects the rand to see a slight boost or loss around the ANC's December leadership vote before gradually weakening as other factors weigh.
Analysts said the ratings downgrades were largely priced in.
A gradual rand decline over several years would keep dollar-priced feed ingredients more expensive for South African buyers. The forecast implies a slow trend rather than a sudden price shock.
businesstech.co.zaGovernmentNov 27, 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.
