{"id":50365,"date":"2026-11-09T10:34:42","date_gmt":"2026-11-09T08:34:42","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=50365"},"modified":"2026-11-09T10:34:42","modified_gmt":"2026-11-09T08:34:42","slug":"rand-firms-on-softer-oil-coalition-talks-in-focus","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/rand-firms-on-softer-oil-coalition-talks-in-focus\/","title":{"rendered":"Rand firms on softer oil, coalition talks in focus"},"content":{"rendered":"<div>\n<p class=\"x_MsoNormal\">The South African (SA) Rand strengthened in early trade on Monday as softer oil prices helped \u200bease inflation concerns, while investors assessed the outcome \u200cof local municipal elections and coalition talks.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">The Rand traded at 16.4875 against the Dollar, up about 0.4% \u200bfrom its previous close.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">Oil prices steadied on Monday after \u200bUnited States President Donald Trump suggested new attacks on \u2060Iran were unlikely, but supply concerns lingered as \u200bvessels near the Strait of Hormuz came under attack.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">As \u200ba net importer of fuel, SA is highly exposed to global oil price movements, meaning sustained increases in crude prices \u200bcan raise domestic fuel costs, stoke inflation and add \u200bpressure on the Rand.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">SA&#8217;s African National Congress suffered a significant \u200csetback \u2060in last week&#8217;s municipal elections, according to results released on Sunday, weakening its position in coalition negotiations to form city governments.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">&#8220;Looking ahead to the coming week, the \u200bbalance of risks \u200bremains tilted \u2060against the Rand. Investors will continue to focus on offshore equity market developments as \u200ba barometer of risk appetite, while coalition \u200bnegotiations \u2060will serve as a reminder that, although the African National Congres lost ground, SA&#8217;s municipal and metropolitan political landscape will \u2060remain \u200bdifficult to manage,&#8221; said ETM Analytics.<\/p>\n<\/div>\n<div>\n<p class=\"x_MsoNormal\">SA&#8217;s benchmark 2035 government bond was flat in early deals, with the \u200byield at 8.3%.<\/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,"_members_access_role":[],"_members_access_error":"","_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-50365","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"","published_date":"","news_description":"Rand strengthened in early trade on Monday","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/50365","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\/50365\/revisions"}],"predecessor-version":[{"id":50368,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/50365\/revisions\/50368"}],"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=50365"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=50365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}