Rand moves higher

JOHANNESBURG: The South African rand extended gains against the dollar on Tuesday, as riskier currencies forged ahead after positive signals from trade talks between the United States and China.

At 1610 GMT, the rand traded at 16.8700 per dollar, around 0.6% firmer and adding to gains of roughly 1% a day earlier.

Government bonds were flat on Tuesday, with the yield on the 2030 bond staying at 9.29%. The Johannesburg Stock Exchange's Top-40 index closed 0.94% lower at 51,768 points.