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South Africa's rand weakened 0.4% to 13.1875 per dollar on Wednesday after a smaller-than-expected trade surplus failed to offset political uncertainty. Top-40 stocks fell 1.14%, with Barclays Africa down after approval to sell its stake in the local unit.
Rand weakness raises the local-currency cost of imported feed inputs for South African buyers, while political risk keeps currency volatility elevated.
moneyweb.co.zaMfuneko Toyana, Tanisha Heiberg, ReutersMay 31, 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.
