Summary : South African bank notes featuring images of former South African President Nelson Mandela (R) are displayed next to the American dollar notes in this photo illustration in Johannesburg , File. The South African rand gained against the dollar on Monday, erasing Friday’s loss, as the U.S. currency weakened on global markets. Tuesday is a public holiday in South Africa, and the domestic data calendar this week is light apart from June mining (ZAMNG=ECI) and manufacturing (ZAMAN=ECI) on Thursday. On the Johannesburg Stock Exchange, the All-share index (.JALSH) closed up 1.07% and the Top-40 index (.JTOPI) 1.04%, mirroring gains in overseas equities.
South African bank notes featuring images of former South African President Nelson Mandela (R) are displayed next to the American dollar notes in this photo illustration in Johannesburg , File. REUTERS/Siphiwe SibekoJOHANNESBURG, Aug 8 (Reuters) – The South African rand gained against the dollar on Monday, erasing Friday’s loss, as the U.S. currency weakened on global markets.Investors are waiting for Wednesday’s U.S. inflation data for more indications about the Federal Reserve’s next policy moves. read more
At 1510 GMT, the rand traded at 16.5900 against the dollar, up around 1.1% on its previous close.
On Friday it saw a similar fall in percentage terms. read more
Tuesday is a public holiday in South Africa, and the domestic data calendar this week is light apart from June mining (ZAMNG=ECI) and manufacturing (ZAMAN=ECI) on Thursday.On the Johannesburg Stock Exchange, the All-share index (.JALSH) closed up 1.07% and the Top-40 index (.JTOPI) 1.04%, mirroring gains in overseas equities. read more
