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The rand has held up well this quarter despite recession, junk ratings and political problems, but Citigroup and Morgan Stanley expect the gains to fade. Foreign investors sold South African bonds heavily on Wednesday, and policy tightening by major central banks may reduce emerging-market inflows.
A weaker rand and reduced foreign bond demand would raise the cost of imported feed inputs for South African buyers. The effect on global feed markets is minor.
techcentral.co.zaAgency StaffJun 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.
