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The rand firmed and stocks rose after S&P's downgrade sell-off, with bullion shares gaining on a weaker dollar. Traders said markets were hoping President Zuma would be forced from office, and the benchmark bond yield fell.
A firmer rand lowers the local cost of imported feed inputs, though the gain depends on political developments. Weakness in the dollar also supports the broader currency picture.
moneyweb.co.zaOlwethu Boso, Tanisha Heiberg, ReutersApr 4, 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.
