The South African rand gained 1% on Monday, as investors watched for potential ripple effects of the aborted weekend mutiny in Russia.
by Russian mercenaries on Saturday was still unclear, analysts said, with global oil prices slightly higher on concerns about Russian stability and crude supply.
Many South Africans were facing power cuts of around 10 hours a day until recently, but there have been some signs of improvement in the last few weeks as the country grapples with its worst power crisis on record. German Foreign Minister Annalena Baerbock is due to visit South Africa on Tuesday and has said she would discuss the "dramatic developments in Russia" with the country.
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