ADVERTISEMENT

Rand, bonds steady in early trade

At 0635 GMT, the rand was unchanged at 15.3125/dollar. Government bonds were also stable, with the yield on the benchmark paper due in 2026 unchanged at 9.595 percent.

Nthombi Kwena holds a 5 rand coin minted to commemorate former South African president Nelson Mandela's 90th birthday in Johannesburg July 7, 2008. REUTERS/Juda Ngwenya

South Africa's rand held steady in early trade on Tuesday, with the market waiting for domestic trade data on Wednesday and money supply numbers on Thursday.

ADVERTISEMENT

South Africa is expected to post a narrower trade deficit of 3.7 billion rand ($242 million) in November after recording one of 21.4 billion rand in October - a number that stunned local markets and pushed the rand to record lows at the time.

In the equities market, the JSE securities exchange's Top-40 futures index was up 0.94 percent, pointing to a strong open for the index at 0700 GMT after Asian markets put in gains.

($1 = 15.3125 rand)

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

Recommended articles

Celebrating 4 decades of lighting path of academic excellence: OOU kicks off 40th anniversary celebration

Celebrating 4 decades of lighting path of academic excellence: OOU kicks off 40th anniversary celebration

Atiku’s aide says Tinubu is distancing himself from APC's failure

Atiku’s aide says Tinubu is distancing himself from APC's failure

Atiku backs Emefiele, insists Naira swap deadline shouldn't be extended

Atiku backs Emefiele, insists Naira swap deadline shouldn't be extended

IPMAN promises to make petrol available, affordable in 2 weeks

IPMAN promises to make petrol available, affordable in 2 weeks

JUST IN: ICPC arrests Twitter user for selling new naira notes

JUST IN: ICPC arrests Twitter user for selling new naira notes

Sanwo-Olu inaugurates expressway project, flags off 2nd phase construction

Sanwo-Olu inaugurates expressway project, flags off 2nd phase construction

Presidency: Kwankwaso denies meeting, discussing with Atiku

Presidency: Kwankwaso denies meeting, discussing with Atiku

NLC kicks against upward review of salaries for political office holders

NLC kicks against upward review of salaries for political office holders

Gunmen set INEC office ablaze, destroy election materials in Anambra

Gunmen set INEC office ablaze, destroy election materials in Anambra

ADVERTISEMENT
ADVERTISEMENT