In early trade the rand was at R18.81 to the dollar.
The rand gained slightly in early trade on Monday, ahead of a week of data releases which include the country’s second quarter gross domestic product and current account. At 0655 GMT, the rand traded at R18.81 against the dollar. The dollar last traded around 0.11% weaker against a basket of global currencies.
On Thursday, the South African Reserve Bank will release the country’s second quarter current account and GDP data. “The economy held up better than expected in Q2, as load shedding was less severe than in Q1,” said Nedbank’s Group Economic Unit in a research note, referring to the country’s rolling blackouts. Nedbank said it is predicting quarter-on-quarter GDP growth of 0.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
City of Tshwane, Rand Water faceoff amid water outagesCity of Tshwane Mayor Cilliers Brink said officials from the city were planning on meeting with the utility to resolve the impasse and other long-standing issues with water supply.
Les mer »
City of Tshwane, Rand Water to meet this week to find a solution for taps running dryThe City of Tshwane and Rand Water blamed each other for the water supply issues.
Les mer »
African Rainbow Minerals full-year profit falls on lower output and pricesThe company declared a dividend of R12 per share, down from R20 rand share last year.
Les mer »
‘Investing is more the understanding and respect of money’Some people don't understand how much a rand is worth, and I think that's where a lot of people destroy value: Kagisho Mahura, director at Gradidge-Mahura Investments.
Les mer »
Air ticket prices to get cheaper in South Africa – but there’s a catchFlySafair expects cheaper air ticket prices for South Africans in 2023, but warns the unstable rand remains a significant risk.
Les mer »