The South African rand edged higher in early trade on Monday after a strong July performance, ahead of monthly trade data that could provide some clues on the health of the economy.
At 0615 GMT, the rand traded at 17.5800 against the dollar , up 0.11% from its previous close on Friday.The rand has gained over 6% against the dollar this month.figures. Analysts polled by Reuters predict a trade surplus of 11.85 billion rand .
The South African Reserve Bank data on Monday showed the country's broadly defined M3 measure of money supply was up 11.15%, above 9.85% predicted by analysts polled by ReutersThe SARB also said that private sector credit grew 6.25% year on year in June, down from 6.85% in MaySouth Africa's benchmark 2030 government bond was little changed in early deals, with the yield down 0.5 basis points to 10.180%.
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 sculptors who refused to be silenced | City PressThrough the exhibition, which brings 92 sculptures under one roof, the visitors learn how Legae and Kumalo were part of a modern art movement in South Africa that refused to be silenced
Read more »
Youth unemployment crisis threatens South African society as a whole | City PressA joint UN and Human Sciences Research Council report has raised the alarm about the societal threat posed by youth unemployment. | City_Press
Read more »
Power woman Jessica Nkomo on a mission to improve conditions for women in sports | City PressA local player representative tells Daniel Mothowagae that South African players face financial challenges. | City_Press
Read more »
KwaZulu-Natal South Coast water woes devastate tourismKwaZulu-Natal South Coast businesses are reeling from the effect of the ongoing water crisis and spending heavily on drilling boreholes and paying for water tank deliveries as municipalities struggle to provide a reliable supply.
Read more »
South Africa: Opposition Party EFF to Pay for Funeral of Fan Who Died at Rally - South African News Briefs - July 31, 2023
Read more »