In early trade the rand was at R19.33 to the dollar.
The rand was broadly unchanged in early trade on Tuesday ahead of the release of the results of a national census. At 0607 GMT, the rand traded at R19.33 against the dollar. The census is the fourth in post-apartheid South Africa and the first in over a decade.
On Monday the rand tumbled as violence in the Middle East stoked risk aversion on global markets. “In a world of so much uncertainty, it is not surprising to see the unable to adopt any clear-cut directional momentum. It is trading in a tight range, and investors are waiting for the dust to settle,” ETM Analytics said in a research note.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Rand weakens at start of census data release weekIn early trade the rand was at R19.40 to the dollar.
Read more »
South African rand weakens at start of census data release weekThe South African rand was weaker in early trade on Monday as violence in the Middle East stoked risk aversion in global markets while domestic focus is on the release of national census due out this week.
Read more »
South African rand recovered: U.S. stocks slip, oil surgesThe South African rand recovered some losses on Friday after slumping to a four-month low earlier on the back of positive U.S. payrolls data.
Read more »
Florida man faces 10 years in jail for shooting down half-a-million rand droneWendell Goney shot the $29,000 (R561,370) drone down using a .22-calibre rifle, alleging it was “harassing” him.
Read more »
The Rand dips to June lows, fuel prices set to surge furtherRecently, the rand's value dropped to levels last seen in June 2021, adding to the ongoing rise in fuel costs.
Read more »
S.African rand slips as Middle East conflict spurs risk aversionThe South African rand weakened on Monday as violence in the Middle East stoked risk aversion in global markets while traders awaited release of the national census due this week.
Read more »