South Africa’s rand, bonds little changed, stocks set to open higher

23 Apr, 2019 - 16:04 0 Views
South Africa’s rand, bonds little changed, stocks set to open higher Anchoring the Zimbabwean currency to a regional system may be difficult to sustain

eBusiness Weekly

JOHANNESBURG – South Africa’s rand was little changed in early trade on Tuesday with investors refraining from making large bets as markets reopened after Monday’s holiday.

At 0642 GMT, the rand traded at 14.1550 versus the dollar, 0.04 percent firmer than its overnight close in New York.

South African markets were closed on Monday for a public holiday.

Government bonds were also flat, with the yield on benchmark 2026 paper at 8.465 percent.

Stocks were set to open higher at 0700 GMT, with the Johannesburg Stock Exchange’s Top-40 futures index up 0.45 percent. – Reuters Africa

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