https://newsletter.en.creamermedia.com
Africa
Africa
africa

South African rand pulls back from rally as traders await S&P rating decision

currency

Photo by Reuters

14th November 2025

By: Reuters

  

Font size: - +

The rand pulled back from a rally that had lifted it to its strongest level in more than two years, as traders locked in profits on Friday and awaited S&P Global's scheduled review of South Africa's sovereign credit rating with caution.

At 0824 GMT, the rand traded at 17.1250 against the dollar, about 0.4% weaker than Thursday's close.

South Africa was first downgraded to "junk status" in 2017, following the firing of respected finance minister, Pravin Gordhan, by former president Jacob Zuma and the ensuing policy instability.

The economic calendar next week will feature October consumer inflation figures and September retail sales data on Wednesday, followed by the central bank's interest rate decision on Thursday.

On the Johannesburg Stock Exchange, the Top-40 index was last down 1.6%, also shedding some of its recent gains.

South Africa's benchmark 2035 government bond weakened in early deals, as the yield rose 6 basis points to 8.655%.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

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

Comments

Showroom

Avlock International
Avlock International

Avlock International is a leading manufacturer and distributor of Specialized Fastening Systems.

VISIT SHOWROOM 
Virtual Gas Network (Pty) Ltd
Virtual Gas Network (Pty) Ltd

Virtual Gas Network supplies compressed natural gas via a virtual gas distribution network.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 14 November 2025
Magazine round up | 14 November 2025
14th November 2025

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:0.128 0.218s - 167pq - 2rq
Subscribe Now