{"id":44917,"date":"2026-09-08T09:51:07","date_gmt":"2026-09-08T07:51:07","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=44917"},"modified":"2026-09-08T09:51:07","modified_gmt":"2026-09-08T07:51:07","slug":"rand-slips-ahead-of-gdp-data-expected-to-show-a-decline","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-slips-ahead-of-gdp-data-expected-to-show-a-decline\/","title":{"rendered":"Rand slips ahead of GDP data expected to show a decline"},"content":{"rendered":"<div data-olk-copy-source=\"MessageBody\">The South African Rand weakened in early trade on Tuesday as investors \u200bawaited second-quarter gross domestic product (GDP) data, \u200cwhich is expected to show the economy contracted.<\/div>\n<div id=\"x_x_ms-outlook-mobile-signature\">\n<div><\/div>\n<div>The Rand traded at 16.0375 against \u200bthe Dollar , about 0.2% weaker than \u200bits close.<\/div>\n<div><\/div>\n<div>Statistics SA is due \u2060to release GDP figures, \u200boffering fresh clues on the health of \u200bAfrica&#8217;s most industrialised economy.<\/div>\n<div><\/div>\n<div>Economists polled by\u00a0<i>Reuters<\/i>\u00a0forecast the economy contracted 0.1% quarter on quarter, after growing \u200b0.5% in the first quarter of \u200b2026. On an annual basis, growth is expected at \u200c1.2%.<\/div>\n<div><\/div>\n<div>&#8220;Such \u2060an outcome would end six consecutive quarterly increases, but the headline may flatter underlying momentum,&#8221; ETM Analytics said in a note.<\/div>\n<div><\/div>\n<div>Nedbank \u200beconomists forecast \u200ba contraction \u2060of 0.2%, citing weakness in mining, manufacturing, electricity, gas and water, \u200band domestic trade.<\/div>\n<div><\/div>\n<div>Agriculture and parts \u200bof \u2060the services sector are expected to have continued supporting economic activity.<\/div>\n<div>SA&#8217;s benchmark 2035 government \u2060bond \u200balso weakened in early \u200bdeals, with the yield up 4 basis points to \u200b8.615%.<\/div>\n<div><\/div>\n<div>\u2014Reuters\u2014<\/div>\n<\/div>\n","protected":false},"featured_media":13745,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-44917","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Statistics SA is due \u2060to release GDP figures, \u200boffering fresh clues on the health of \u200bAfrica's most industrialised economy.","published_date":"","news_description":"Statistics SA is due \u2060to release GDP figures, \u200boffering fresh clues on the health of \u200bAfrica's most industrialised economy.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/44917","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\/44917\/revisions"}],"predecessor-version":[{"id":44918,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/44917\/revisions\/44918"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/13745"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=44917"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=44917"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}