{"id":48031,"date":"2026-10-15T10:14:20","date_gmt":"2026-10-15T08:14:20","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=48031"},"modified":"2026-10-15T10:14:54","modified_gmt":"2026-10-15T08:14:54","slug":"rand-edges-up-as-next-weeks-medium-term-budget-draws-focus","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-edges-up-as-next-weeks-medium-term-budget-draws-focus\/","title":{"rendered":"Rand edges up as next week&#8217;s medium-term budget draws focus"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\">The South African (SA) Rand edged up in early trade on Thursday \u200bas the Dollar slipped from an \u200c18-month peak, with investors looking ahead to next week&#8217;s medium-term budget for clues on the \u200bcountry&#8217;s fiscal outlook and credit rating \u200bprospects.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The Rand traded \u2060at 16.5575 against the Dollar , about 0.3% \u200bfirmer than its previous close.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The Dollar index , \u200bwhich measures the greenback against a basket of peers, fell, ceding most of the gains it \u200bmade after stronger than expected United States (US) inflation data \u200bon Wednesday pushed it to an 18-month high.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Investors \u200cwill \u2060be watching Finance Minister Enoch Godongwana&#8217;s medium-term budget policy statement next week amid expectations of an improving budget balance and \u200ba more \u200bfavourable ratings \u2060outlook.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8220;The Rand is looking to US markets for direction, but \u200bthe (medium-term budget policy statement) will keep \u200btraders \u2060in limbo,&#8221; ETM Analytics said in a note.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">SA&#8217;s benchmark 2035 government bond was \u2060also \u200bfirmer in early deals, \u200bas the yield fell 6.5 basis points to 8.69%.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8211;Reuters&#8211;<\/p>\n<\/div>\n","protected":false},"featured_media":13745,"template":"","meta":{"_acf_changed":false,"_members_access_role":[],"_members_access_error":"","_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-48031","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"SA Rand edged up in early trade on Thursday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/48031","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":2,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/48031\/revisions"}],"predecessor-version":[{"id":48033,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/48031\/revisions\/48033"}],"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=48031"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=48031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}