https://newsletter.en.creamermedia.com
Africa|Business|Health|Manufacturing|Manufacturing
Africa|Business|Health|Manufacturing|Manufacturing
africa|business|health|manufacturing|manufacturing-industry-term

Rand regains some ground after US pauses tariffs

10th April 2025

By: Reuters

  

Font size: - +

South Africa's rand firmed in early trade on Thursday, recouping some of its recent loss as investors took a breather after US President Donald Trump announced an immediate 90-day tariff pause for many countries.

At 0631 GMT, the rand traded at 19.25 against the US dollar, about 0.4% stronger than its previous close.

The local currency hit a record low of 19.9325 on Wednesday, the day Trump's country-specific import tariffs kicked in.

Trump said he would temporarily lower tariffs imposed on dozens of countries including South Africa but kept a 10% blanket duty on almost all US imports.

In addition to Trump's tariffs, local politics have also weighed on the risk-sensitive rand, after a contentious budget vote last week threatened the future of the ruling coalition.

The second-biggest party in the coalition, the pro-business Democratic Alliance, voted against key legislation in the budget and challenged the budget process in court.

South Africa-focused investors on Thursday will look out for February domestic manufacturing data due at 1100 GMT for clues on the health of the economy.

Benchmark 2030 government bonds were stronger in early deals, with the yield down 15.5 basis points at 9.15%.

Edited by Reuters

Comments

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (30/05/2025)
30th May 2025 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.177 0.305s - 204pq - 2rq
Subscribe Now