The South African rand weakened in early trade on Monday, ahead of a week packed with the BRICS summit of emerging market economies and monthly inflation figures.
At 0609 GMT, the rand traded at 19.0300 against the dollar , around 0.2% weaker than its previous close.The rand has fallen over 6% against the greenback this month and nearly 12% this year.
From Tuesday to Thursday, South Africa will host the BRICS summit of emerging market economies, welcoming leaders from Brazil, Russia, India and China. Over twenty countries have submitted formal admission requests to join the bloc, with BRICS's potential expansion on the agenda.
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