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The rand extended losses to a third day and was headed for its biggest weekly slump since August, falling as much as 2.5% on the day. Foreign investors sold R5 billion of South African government bonds on Thursday, the most since 2011.
Traders cited concern that Trump's protectionist trade policies and fiscal stimulus would lift US rates and hurt emerging markets.
Capital outflows and a weaker rand raise the local cost of dollar-priced feed ingredients and can weaken South Africa's export competitiveness. Protectionist US trade policy also raises risks for emerging-market trade flows.
moneyweb.co.zaXola Potelwa, BloombergNov 11, 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.
