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The rand weakened very slightly to 12.9825 per dollar after data showed private sector credit growth slowed to 5.71% in July from 6.16% in June. Analysts expect the South African Reserve Bank may cut rates again in September.
Slowing credit and a possible rate cut point to softer domestic demand and a marginally weaker rand, which raises local import costs for feed. The impact on world feed prices is small.
moneyweb.co.zaTiisetso Motsoeneng, ReutersAug 30, 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.
