Rand slips as dollar rebounds, China growth disappoints

South Africa's rand weakened 1.01 percent against dollar to 13.2175 on Monday, giving up its earlier momentum as the greenback rose inspired by stronger-than-expected industrial production and a sharp rebound in consumer sentiment.

Weak growth data out of China, which dipped below 7 percent for the first time since the 2009 global economic crisis, also put the rand under pressure along with fellow emerging market currencies, as concerns over the world's number 2 economy soured risk sentiment.