Early on Tuesday, the South African rand appreciated before the local business listing. This appreciation mirrors a feeble dollar on international markets.

The rand exchanged at 18.28 against the US dollar, which is 0.2% stronger than when it formerly closed at 06:00 GMT.

With more than 1.3% appreciation as at Monday, the rand followed suit after the dollar. 

As a result of this, the South African Chamber of Commerce and Industry will release March and February business confidence figure (ZABCI=ECI) at 09:30 GMT. Further explanation will be given in respect to the general thoughts of private sector in Africa’s top industrialised economy.

Concentration turns to the consumer price index for March (ZACPIY=ECI) on last week Wednesday which could alter the South African Reserve Bank interest rates increase in May again.

Ajayi Taiye
Ajayi Taiye
Ajayi Taiye is a writer at helping to spread informative news to the public. Specializing in content writing, Taiye uses that experience to bring light to the African business news. Other times, Taiye loves getting creative with the keyboard and adding to the number of companions around her.

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