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President Zuma survived a leadership challenge within the ANC, and the rand gave back part of its prior-week gains. Investors kept buying high-yielding South African bonds, with net inflows of R5.3 billion last week.
Carry-driven inflows are cushioning the rand despite political risk, so the currency may stay firmer than fundamentals alone would suggest, limiting import cost pressure for feed buyers.
moneyweb.co.zaRobert Brand, BloombergMay 29, 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.
