{"id":37333,"date":"2026-06-17T10:24:22","date_gmt":"2026-06-17T08:24:22","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=37333"},"modified":"2026-06-17T10:24:22","modified_gmt":"2026-06-17T08:24:22","slug":"rand-steady-ahead-of-inflation-data-amid-fuels-price-pressures","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-steady-ahead-of-inflation-data-amid-fuels-price-pressures\/","title":{"rendered":"Rand steady ahead of inflation data amid fuels price pressures"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\">The South African (SA) Rand held steady in early Wednesday trading as investors awaited \u200binflation data, which is expected to \u200cshow pressure linked to the war in the Middle East.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The Rand traded at 16.1850 \u200bagainst the dollar, a whisker away from \u200bits previous close.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Statistics SA will publish \u2060May inflation data, \u200bwith analysts polled by\u00a0<i>Reuters<\/i>\u00a0expecting it to\u00a0\u200baccelerate to 4.7% year-on-year from April&#8217;s 4.0% reading.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Investec economist Lara Hodes expects the reading to align with economists \u200bpolled by Reuters, driven mainly by steeply \u200bhigher petrol and diesel prices following the global oil \u200cshock \u2060triggered by the war in the Middle East.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">As a net fuel importer, SA is heavily exposed to the spike in global energy \u200bprices.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The statistics \u200bagency will \u2060also release the April retail sales, with \u200bNedbank economists expecting growth to slow to \u200babout \u20602% year-on-year from 2.6% in March, pressured by higher fuel prices, renewed inflation and economic \u2060uncertainty.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">SA&#8217;s benchmark 2035 government bond \u200bwas flat in early deals, with the yield at 8.355%.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;Reuters&#8211;<\/p>\n<\/div>\n","protected":false},"featured_media":15730,"template":"","meta":{"_acf_changed":false},"news-type":[44],"class_list":["post-37333","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"SA Rand held steady in early Wednesday trading","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/37333","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\/37333\/revisions"}],"predecessor-version":[{"id":37334,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/37333\/revisions\/37334"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/15730"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=37333"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=37333"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}