{"id":47005,"date":"2026-10-01T11:51:15","date_gmt":"2026-10-01T09:51:15","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=47005"},"modified":"2026-10-01T11:51:15","modified_gmt":"2026-10-01T09:51:15","slug":"rand-weakens-ahead-of-manufacturing-survey-and-car-sales-data","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-weakens-ahead-of-manufacturing-survey-and-car-sales-data\/","title":{"rendered":"Rand weakens ahead of manufacturing survey and car sales data"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\">The South African (SA) Rand weakened in early trade on Thursday ahead \u200bof the release of a local \u200cmanufacturing Purchasing Managers&#8217; Index (PMI) and vehicle sales data for September.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The Rand \u200btraded at 16.4875 against the Dollar, \u200bdown about 0.3% from its previous \u2060close.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">An Absa PMI survey is set \u200bto be released at 0900 GMT and \u200bwill shed light on manufacturing conditions in Africa&#8217;s largest economy.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">SA manufacturing sentiment deteriorated further in \u200bAugust as business activity slumped, signalling \u200ba weak start to the second half of the \u200cyear.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Vehicle \u2060sales is due, giving a snapshot of consumer demand for big-ticket items.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Nedbank economists said in\u00a0\u200ba research\u00a0\u200bnote that\u00a0\u2060they expect car sales growth to moderate from 11.4% in\u00a0\u200bAugust to 6.7% in September.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">On \u200bthe \u2060Johannesburg Stock Exchange, the Top-40 index was down 0.5% in early trade.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">SA&#8217;s \u2060benchmark \u200b2035 government bond also \u200bweakened, with the yield rising 3 basis points to \u200b8.85%.<\/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-47005","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"Rand weakened in early trade on Thursday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47005","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\/47005\/revisions"}],"predecessor-version":[{"id":47006,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/47005\/revisions\/47006"}],"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=47005"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=47005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}