{"id":45524,"date":"2026-09-15T12:25:37","date_gmt":"2026-09-15T10:25:37","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=45524"},"modified":"2026-09-15T12:25:37","modified_gmt":"2026-09-15T10:25:37","slug":"rand-slides-as-oil-price-surge-pressures-emerging-market-currencies","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-slides-as-oil-price-surge-pressures-emerging-market-currencies\/","title":{"rendered":"Rand slides as oil price surge pressures emerging market currencies"},"content":{"rendered":"<div dir=\"auto\">South Africa&#8217;s (SA) Rand weakened against the Dollar on Tuesday as a stronger greenback, \u200bhigh energy prices, and softer-precious metals \u200cheightened concerns over inflation and a wider import bill.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The Rand traded at 16.33 against \u200bthe Dollar, 0.4% down from its previous \u200bclose.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Oil prices rose nearly 2% on Tuesday as \u2060concerns over supply disruptions lingered after attacks on \u200bSaudi Arabian energy infrastructure left the kingdom&#8217;s East-West \u200bpipeline offline.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">This has weighed on the SA currency, as the country is a net importer of oil \u200band therefore vulnerable to rising crude prices.<\/div>\n<div dir=\"auto\">Gold , \u200bSA&#8217;s key export, was down 0.2% at $4,287.69 per Ounce on \u200cTuesday, \u2060after hitting its lowest point since August 7 on Monday.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">&#8220;Lower gold and other precious metal prices are further weighing on the local currency,&#8221; \u200bsaid Wichard Cilliers, \u200bHead \u2060of Market risk at TreasuryONE. &#8220;However, the main concern remains the impact of \u200bthe high oil price on the \u200beconomy.&#8221;<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">On the \u2060Johannesburg Stock Exchange, the Top-40 index was last down 0.7% in early trade.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">SA&#8217;s benchmark 2035 \u2060government \u200bbond was slightly weaker \u200bin early deals, as the yield rose 6.5 basis points to \u200b8.89%.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":14374,"template":"","meta":{"_acf_changed":false,"_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-45524","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"Rand weakened against the Dollar","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/45524","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\/45524\/revisions"}],"predecessor-version":[{"id":45525,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/45524\/revisions\/45525"}],"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=45524"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=45524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}