{"id":13305,"date":"2025-10-14T10:05:26","date_gmt":"2025-10-14T08:05:26","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/rand-slips-ahead-of-local-data-releases\/"},"modified":"2026-02-27T16:26:18","modified_gmt":"2026-02-27T14:26:18","slug":"rand-slips-ahead-of-local-data-releases","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-slips-ahead-of-local-data-releases\/","title":{"rendered":"Rand slips ahead of local data releases"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\">The South African (SA) Rand was weaker in early trade on Tuesday, as investors waited for the release of domestic economic indicator data due later in the day.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Rand traded at 17.4850 against the Dollar, about 0.9% down from its Monday close.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The country&#8217;s statistics agency will release the August mining output figures.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><i>Reuters <\/i>economists estimate mining output grew 1.0%, down from an increase of 4.4% in July.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8220;We see a more significant slowdown in mining output from 4.4% year on year in July to a modest 0.7% in August. Although operating conditions remain challenging, marginal improvements in logistics, combined with the absence of load-shedding, have provided some relief to the sector,&#8221; said Economists at Nedbank.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">They added that surging precious metal prices also likely offered further support.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Gold, traditionally seen as a store of value during times of instability, climbed to a record high above $4 100 on Tuesday on increased United States Federal Reserve rate cut prospects, with silver also reaching an all-time peak.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Investors will also look to a business confidence survey for clues to the health of Africa&#8217;s largest economy.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">On the Johannesburg Stock Exchange, the Top-40 index was last down 0.6% in early trade.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">SA benchmark 2035 government bond was also weak in early deals, as the yield rose 6 basis points to 9.17%.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;Reuters&#8211;<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">\n<\/div>\n","protected":false},"featured_media":12528,"template":"default||default","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-13305","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"Rand was weaker in early trade on Tuesday||Rand was weaker in early trade on Tuesday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13305","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13305\/revisions"}],"predecessor-version":[{"id":18487,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/13305\/revisions\/18487"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/12528"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=13305"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=13305"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}