In early trade the rand was at R18.83 to the dollar.
The rand was little changed in early trade on Thursday before the release of local mining, manufacturing and business confidence data later in the day. At 0636 GMT, the rand traded at R18.83 against the dollar, after making strong gains on Tuesday and Wednesday. Statistics South Africa will release August mining production figures at 0930 GMT and manufacturing numbers at 1100 GMT.
The South African Chamber of Commerce and Industry will release its Business Confidence Index for August and September at 0930 GMT. Rand Merchant Bank said in a morning briefing that the rand had done “super well” this week on the back of dollar weakness but that its gains may have gone a little too far. It pointed to a US consumer inflation reading on Thursday as a big “event risk”. South Africa’s benchmark 2030 government bond was slightly stronger, the yield down 3 basis points to 10.695%.
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.
South African rand muted before local data releasesThe South African rand was little changed in early trade on Thursday before the release of local mining, manufacturing and business confidence data later in the day.
Read more »
Rand flat before release of census resultsIn early trade the rand was at R19.33 to the dollar.
Read more »
Rand manipulation: Morgan Stanley victim of SA-born fund manager's alleged schemeRand manipulation: Morgan Stanley victim of SA-born fund manager's alleged scheme
Read more »