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South African President Cyril Ramaphosa said the Democratic sweep of both US congressional chambers could open a reset in strained relations with Washington. The rand rose about 1% against the dollar to 16.46 on Wednesday.
The US had recently moved to revoke South Africa's AGOA duty-free access.
A thaw in US-South Africa ties could ease trade risks for South African exports, but the effect on agricultural feed commodities is limited. The rand's firmer move slightly lowers the rand-denominated cost of dollar-priced imports.
moneyweb.co.zaMpho Hlakudi, BloombergNov 4, 2026Not 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.
