https://newsletter.en.creamermedia.com
Africa|Financial|Gold|Systems
Africa|Financial|Gold|Systems
africa|financial|gold|systems

South African rand muted as traders eye possible 'grey' list exit

Rand

Photo by Reuters

23rd October 2025

By: Reuters

  

Font size: - +

The rand was flat in early trade on Thursday, as cautious investors awaited news on South Africa's possible removal from the Financial Action Task Force's "grey" list, along with key US inflation data due later in the week.

At 0646 GMT the rand traded at 17.39 against the dollar, little moved from its previous close.

The commodity-backed currency fell on Wednesday on the back of a correction in precious metal prices such as gold, which extended its losses as traders booked profits ahead of US inflation data due on Friday.

An uptick in domestic inflation to 3.4% in September from 3.3% in August slightly added to the rand's weakness. But analysts say it will get a boost over the medium to long-term if South Africa is removed from the global anti-money laundering watchdog FATF's "grey" list of countries under increased scrutiny.

It was added in February 2023 after criticism of its systems to stop money laundering and terrorist financing. The watchdog's plenary meeting takes place from October 22-24.

South Africa's benchmark 2035 government bond weakened in early deals, as the yield rose 2.5 basis points to 8.97%.

Edited by Reuters

Article Enquiry

Feedback

Email Article

Save Article

To advertise email advertising@creamermedia.co.za or click here

Comments

Showroom

CSIR International Convention Centre (CSIR ICC)
CSIR International Convention Centre (CSIR ICC)

CSIR International Convention Centre (CSIR ICC) - the leading conference and events venue in Pretoria/Tshwane.

VISIT SHOWROOM 
Weir
Weir

Weir is a global leader in mining technology. We recognise that our planet’s future depends on the transition to renewable energy, and that...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

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







301

sq:0.125 0.212s - 167pq - 2rq
Subscribe Now