Loading…
South Africa's rand fell as much as 2.5% as the dollar recovered globally and President Jacob Zuma survived calls from within his party to step down over scandals. The ANC said it reaffirmed its support for Zuma, and the JSE Top-40 index was little changed.
Benchmark 2026 bond yields rose about 9.5 basis points.
A weaker rand raises the local cost of imported feed inputs and ingredients priced in dollars, such as soybean meal and corn. Political risk and a firmer dollar can keep South African import costs elevated.
iol.co.zaReutersNov 30, 2016Not 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.
