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The rand recovered some losses on March 30 after falling more than 5% since Zuma ordered Gordhan home from Britain. Reports that Zuma may offer to step down next year, and political uncertainty, removed expectations of a near-term rate cut.
Currency volatility and dashed rate-cut hopes keep South African financing costs high, a limited direct factor for feed commodity prices.
naija247news.comPeter Anene, Business EditorMar 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.
