{"id":14911,"date":"2025-11-10T07:57:38","date_gmt":"2025-11-10T05:57:38","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/rand-gains-against-weaker-dollar-budget-review-weeks-focus\/"},"modified":"2026-02-27T16:27:19","modified_gmt":"2026-02-27T14:27:19","slug":"rand-gains-against-weaker-dollar-budget-review-weeks-focus","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-gains-against-weaker-dollar-budget-review-weeks-focus\/","title":{"rendered":"Rand gains against weaker Dollar, budget review week&#8217;s focus"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">The South African (SA) Rand gained against a softer Dollar in early trade on Monday, with the Finance Minister&#8217;s mid-year budget review the week&#8217;s main focus.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">Rand traded at 17.2550 against the Dollar , 0.3% stronger than its closing level on Friday.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">The Dollar was down about 0.1% against a basket of global currencies.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">Finance Minister Enoch Godongwana&#8217;s budget review is expected to reflect a slightly better fiscal outlook, though the government&#8217;s economic growth projections could be revised down.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">Economists will be watching what Godongwana says about the country&#8217;s inflation target, which he sets but the Central bank has been pushing for him to lower.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">Other economic data releases this week include third-quarter unemployment data and September manufacturing output on Tuesday, and September mining production on Thursday.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">Some analysts think Standard and Poor Global will upgrade SA&#8217;s sovereign credit rating at a scheduled review on Friday.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\"><span style=\"background-color: var(--global--color-background); color: var(--global--color-primary); font-family: var(--global--font-secondary); font-size: var(--global--font-size-base);\">&#8211;Reuters&#8211;<\/span><\/p>\n<\/div>\n","protected":false},"featured_media":14374,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-14911","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"Rand gained against a softer Dollar","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14911","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\/14911\/revisions"}],"predecessor-version":[{"id":19368,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/14911\/revisions\/19368"}],"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=14911"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=14911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}