{"id":15171,"date":"2025-11-13T08:15:28","date_gmt":"2025-11-13T06:15:28","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/rand-stable-as-traders-weigh-lower-inflation-target-await-mining-data\/"},"modified":"2026-02-27T16:27:29","modified_gmt":"2026-02-27T14:27:29","slug":"rand-stable-as-traders-weigh-lower-inflation-target-await-mining-data","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-stable-as-traders-weigh-lower-inflation-target-await-mining-data\/","title":{"rendered":"Rand stable as traders weigh lower inflation target, await mining data"},"content":{"rendered":"
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The South African (SA) Rand was stable in early trade on Thursday, retaining previous gains sparked by Finance Minister Enoch Godongwana’s announcement of a lower inflation target.<\/span><\/p>\n<\/div>\n

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The Rand traded at 17.0775 against the Dollar , a whisker away from its previous close.<\/span><\/p>\n<\/div>\n

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The local unit gained about 0.4% on Wednesday after Godongwana lowered the country’s inflation target for the first time in 25 years to 3% with a 1% point tolerance band either side, from a range of 3-6% previously.<\/span><\/p>\n<\/div>\n

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“This is a welcome development that not only supports poor households but also assists in improving fiscal outcomes via lower borrowing costs,” said economic analyst at ETM Analytics Lindi Geldenhuys.<\/span><\/p>\n<\/div>\n

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While investors continue to weigh the short to long-term effects of the decision, focus will pivot to September mining.<\/span><\/p>\n<\/div>\n

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Production fell 0.2% year-on-year in August, with Reuters economists estimating a 0.4% decline this time around, as operating conditions remain challenging in the industry.<\/span><\/p>\n<\/div>\n

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SA’s benchmark 2035 government bond was weaker in early deals, as the yield rose 2 basis points to 8.68%.<\/span><\/p>\n<\/div>\n

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–Reuters–<\/p>\n<\/div>\n","protected":false},"featured_media":13933,"template":"","meta":{"_acf_changed":false},"news-type":[78,26],"class_list":["post-15171","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-featured","news-type-general_news","entry"],"acf":{"short_description":"","published_date":null,"news_description":"SA Rand was stable in early trade on Thursday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15171","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\/15171\/revisions"}],"predecessor-version":[{"id":19524,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/15171\/revisions\/19524"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/13933"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=15171"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=15171"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}