{"id":14373,"date":"2025-11-03T07:42:05","date_gmt":"2025-11-03T05:42:05","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/rand-inches-higher-ahead-of-manufacturing-pmi-car-sales-data\/"},"modified":"2026-02-27T16:26:59","modified_gmt":"2026-02-27T14:26:59","slug":"rand-inches-higher-ahead-of-manufacturing-pmi-car-sales-data","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-inches-higher-ahead-of-manufacturing-pmi-car-sales-data\/","title":{"rendered":"Rand inches higher ahead of manufacturing PMI, car sales data"},"content":{"rendered":"<div class=\"x_elementToProof\">The South African (SA) Rand edged higher in early trade on Monday, ahead of the release of a local manufacturing purchasing managers&#8217; index (PMI) survey and vehicle sales numbers for the month of October.<\/div>\n<div><\/div>\n<div>The Rand traded at 17.2950 against the Dollar, roughly up 0.2% on Friday&#8217;s close.<\/div>\n<div class=\"x_elementToProof\"><\/div>\n<div class=\"x_elementToProof\">The Absa PMI print is set to be released and will shed light on manufacturing conditions in Africa&#8217;s most industrialised economy.<\/div>\n<div><\/div>\n<div>&#8220;We expect the index to have remained in expansionary territory (above 50) but eased modestly to around 51.0 from 52.2 previously,&#8221; Investec economist Lara Hodes said in a note.<\/div>\n<div><\/div>\n<div>Hodes added that the slip was due to lacklustre domestic activity as structural issues persist.<\/div>\n<div><\/div>\n<div>&#8220;Globally, tariffs have had less of an effect than previously projected at this point, supported in part by the frontloading of inventory, however downside risks remain.&#8221;<\/div>\n<div><\/div>\n<div>Local investors will later turn their focus to vehicle sales, due, which will give a snapshot of consumer demand for big-ticket items.<\/div>\n<div><\/div>\n<div>Nedbank economists, in a research note, said they expect vehicle sales to have remained strong in October with momentum &#8220;underpinned by easier financial conditions due to interest rate cuts, lower debt service costs and subdued prices.&#8221;<\/div>\n<div><\/div>\n<div>In fixed income, government bonds were little moved in early deals, as the yield for debt maturing in 2035 fell only half a basis point to 8.86%.<\/div>\n<div><\/div>\n<div>&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":14374,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-14373","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"Rand edged higher in early trade on Monday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14373","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\/14373\/revisions"}],"predecessor-version":[{"id":19064,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14373\/revisions\/19064"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/14374"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=14373"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=14373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}