{"id":16454,"date":"2025-12-01T07:48:39","date_gmt":"2025-12-01T05:48:39","guid":{"rendered":"http:\/\/jhb-webdevelopers\/channelafrica\/news\/17683\/"},"modified":"2026-02-27T16:31:36","modified_gmt":"2026-02-27T14:31:36","slug":"17683","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/17683\/","title":{"rendered":"Rand weakens ahead of manufacturing PMI"},"content":{"rendered":"<div data-olk-copy-source=\"MessageBody\">The South African (SA) Rand weakened in early trade on Monday, ahead of the release of a local manufacturing purchasing managers&#8217; index (PMI) survey and vehicle sales numbers for November.<\/div>\n<div data-olk-copy-source=\"MessageBody\"><\/div>\n<div class=\"x_elementToProof\">The Rand traded at 17.1550 against the Dollar, about 0.2% weaker than Friday&#8217;s close.<\/div>\n<div><\/div>\n<div>The Absa PMI data 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>SA&#8217;s manufacturing sentiment deteriorated in October on subdued domestic demand and sluggish exports.<\/div>\n<div><\/div>\n<div>Local investors will later turn their focus to vehicle sales, for a snapshot of consumer demand for big-ticket items.<\/div>\n<div><\/div>\n<div>Nedbank economists, in a research note, said they expect car sales to have been strong in November 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>The note projected sales to rise to 15.7% from 8.1% in the same period last year, but softer than October&#8217;s 16%.<\/div>\n<div><\/div>\n<div>Meanwhile, third-quarter gross domestic product statistics is expected on Tuesday, while current account for the same period is due on Thursday and foreign reserves numbers on Friday.<\/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-16454","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":null,"news_description":"Rand weakened in early trade on Monday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/16454","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\/16454\/revisions"}],"predecessor-version":[{"id":20254,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/16454\/revisions\/20254"}],"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=16454"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=16454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}