JOHANNESBURG: South Africa’s rand was little changed against the dollar early on Tuesday ahead of fourth quarter local employment figures.
At 0747 GMT, the rand traded at 18.895 against the dollar , near its previous close of 18.890. Statistics South Africa will release formal sector jobs data, excluding agriculture, for the fourth quarter later on Tuesday.
South African rand edges higher ahead of rate decision
South African investor focus is firmly on an interest rate decision by the South African Reserve Bank due on Wednesday.
On the stock market, the Top-40 index and the broader all-share index were both up about 0.1% in early trade.
South Africa’s benchmark 2030 government bond was weaker in early deals, with the yield up 2 basis points to 10.485%.
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