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Mixed denomination rand currency banknotes are arranged for a photograph at a First National Bank (FNB) branch in Johannesburg, South Africa, on Friday, March 15, 2013. A recovery in mining and manufacturing is giving South Africa's rand and bonds a breather amid concern that growth is slowing while inflation accelerates. Photographer: Nadine Hutton/Bloomberg via Getty Images
JOHANNESBURG. — South Africa’s rand was little changed in early trade yesterday with investors refraining from making large bets as markets reopened after Monday’s holiday.
At 0642 GMT, the rand traded at 14,1550 versus the dollar, 0,04 percent firmer than its overnight close in New York.
South African markets were closed on Monday for a public holiday.
Government bonds were also flat, with the yield on benchmark 2026 paper at 8,465 percent.
Stocks were set to open higher at 0700 GMT, with the Johannesburg Stock Exchange’s Top-40 futures index up 0,45 percent. — Reuters.
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