{"id":27013,"date":"2026-02-26T08:28:12","date_gmt":"2026-02-26T06:28:12","guid":{"rendered":"http:\/\/jhb-webdevelopers-qa\/channelafrica\/news\/rand-steady-as-investors-digest-budget-await-producer-inflation\/"},"modified":"2026-02-27T16:34:59","modified_gmt":"2026-02-27T14:34:59","slug":"rand-steady-as-investors-digest-budget-await-producer-inflation","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-steady-as-investors-digest-budget-await-producer-inflation\/","title":{"rendered":"Rand steady as investors digest budget, await producer inflation"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\">The South African (SA) Rand was steady in early trade on Thursday as investors digested the annual budget, which analysts said underscored the government&#8217;s commitment to restoring fiscal sustainability.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Rand traded at 15.8675 against the Dollar, little changed from its previous close of 15.8725<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The government said in its annual budget on Wednesday that it would propose a &#8220;principles-led&#8221; fiscal anchor later this year, rather than a numerical target, as part of efforts to restore the health of public finances.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8220;The key theme around by Finance Minister, Enoch Godongwana&#8217;s Budget Speech was &#8216;fiscal anchor&#8217;. That description certainly resonated with operators and investors. The Rand appreciated to 15.83, although towards the close importers pushed it a minuscule weaker,&#8221; said Adam Phillips, Treasury Specialist at Umkhulu Treasury.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Domestically focused investors will turn their attention to Statistics SA&#8217;s January domestic producer inflation figures, with analysts polled by Reuters expecting it to come in at 2.5%.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8220;Our Producer Price Index forecast shows producer inflation easing slightly from 2.9% in December to 2.8% in January. The downward pressure mainly stems from the &#8216;coke and petroleum products&#8217; subcategory. Within this category, the downforce will emanate from fuel prices,&#8221; Nedbank Economists said in a research note.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;Reuters&#8211;<\/p>\n<\/div>\n","protected":false},"featured_media":14374,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-27013","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","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\/27013","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\/27013\/revisions"}],"predecessor-version":[{"id":27297,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/27013\/revisions\/27297"}],"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=27013"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=27013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}