{"id":49510,"date":"2026-10-30T10:44:32","date_gmt":"2026-10-30T08:44:32","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=49510"},"modified":"2026-10-30T10:44:32","modified_gmt":"2026-10-30T08:44:32","slug":"rand-steady-ahead-of-budget-trade-data","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-steady-ahead-of-budget-trade-data\/","title":{"rendered":"Rand steady ahead of budget, trade data"},"content":{"rendered":"<div dir=\"auto\">The South African (SA) Rand was little changed in early trade on Friday \u200bas investors awaited domestic budget and \u200ctrade balance data while keeping an eye on a key US trade review and next week&#8217;s \u200blocal government elections.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The \u200bRand traded at 16.6175 against the Dollar, \u2060little changed from its previous close.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Later \u200bin the day, the SA Revenue \u200bService is due to release September trade balance figures, with analysts polled by Reuters expecting a surplus \u200bof $987.32 million.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">The National Treasury \u200bwill also publish September budget balance data.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">Market participants are \u200calso \u2060awaiting Monday&#8217;s outcome of the annual review of SA&#8217;s eligibility for African Growth and Opportunity Act (AGOA) benefits in 2027, while \u200blocal government \u200belections are \u2060scheduled for Wednesday.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">&#8220;Dollar and Rand is trading cautiously, with markets reluctant to \u200bestablish significant positions ahead of Monday&#8217;s \u200bAGOA \u2060deadline and Wednesday&#8217;s local government elections,&#8221; ETM Analytics said in a note.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">SA&#8217;s benchmark 2035 \u2060government \u200bbond was slightly firmer \u200bin early deals, with the yield falling 2.5 basis \u200bpoints to 8.53%.<\/div>\n<div dir=\"auto\"><\/div>\n<div dir=\"auto\">&#8211;Reuters&#8211;<\/div>\n","protected":false},"featured_media":13933,"template":"","meta":{"_acf_changed":false,"_members_access_role":[],"_members_access_error":"","_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-49510","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"SA Rand was little changed in early trade on Friday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/49510","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\/49510\/revisions"}],"predecessor-version":[{"id":49512,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/49510\/revisions\/49512"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/13933"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=49510"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=49510"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}