{"id":15087,"date":"2025-11-12T08:41:24","date_gmt":"2025-11-12T06:41:24","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/rand-steady-before-mid-year-budget-review\/"},"modified":"2026-02-27T16:27:26","modified_gmt":"2026-02-27T14:27:26","slug":"rand-steady-before-mid-year-budget-review","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-steady-before-mid-year-budget-review\/","title":{"rendered":"Rand steady before mid-year budget review"},"content":{"rendered":"<div><\/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 South African (SA) Rand was stable in early trade on Wednesday, before a mid-year review of public finances that is widely expected to contain positive news for investors.<\/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 17.1500 against the Dollar, within touching distance of its previous close of 17.1525.<\/span><\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Finance Minister Enoch Godongwana will start his mid-year budget review.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Economists\u00a0expect Godongwana to present a healthier fiscal picture than at the main budget in May thanks to stronger revenue collection, though the government&#8217;s economic growth projections could be revised down.<\/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);\">&#8220;Overall, we expect the news to be positive for the fiscal path,&#8221; Razia Khan, Standard Chartered&#8217;s head of research for Africa and Middle East, said in a note.<\/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);\">Financial markets 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\">The central bank&#8217;s preference for a lower target has lifted the rand and government bonds this year.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;Reuters&#8211;<\/p>\n<\/div>\n","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false},"news-type":[],"class_list":["post-15087","news","type-news","status-publish","hentry","entry"],"acf":{"short_description":"","published_date":null,"news_description":"","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15087","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\/15087\/revisions"}],"predecessor-version":[{"id":19475,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15087\/revisions\/19475"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=15087"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=15087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}