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The rand fell as much as 2.6% against the dollar on March 27 after Finance Minister Gordhan was recalled from an investor roadshow, sparking talk of an imminent cabinet reshuffle. Bank shares fell over 3% and the 2026 bond yield rose about 34 basis points.
Political speculation driving rand and bond moves adds currency volatility for South African buyers, with little direct effect on global feed commodity prices.
moneyweb.co.zaReutersMar 27, 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.
